vlookup problem

Windows XP SP3, Excel 2K SP3, Excel newbie.

Please see the attached Excel file for a problem I am having with VLOOKUP.

Maybe I'm not understanding VLOOKUP properly:  Look at Sheet1! cell B3.  It contains a VLOOKUP formula.

Since the value of A3 does not occur in the lookup table, I was expecting (and hoping) that B3 would return "FALSE" or "N/A" or leave the cell blank.  Instead, it returns "2".  Why?
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Because VLOOKUP acts kind of like The Price is Right (closest without going over) unless you tell it otherwise.  Use this formula:

It will return "#N/A" if it doesn't find a match.

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EEuser5551212Author Commented:
Great explanation.  Thanks!
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