[Adam]

Originally Posted by Nevadaref

Nope, both can be used as either a noun or a verb.

Found here.

usage Effect and affect are often confused because of their similar spelling and pronunciation. The verb 2affect usually has to do with pretense . The more common 3affect denotes having an effect or influence . The verb effect goes beyond mere influence; it refers to actual achievement of a final result . The uncommon noun affect, which has a meaning relating to psychology, is also sometimes mistakenly used for the very common effect. In ordinary use, the noun you will want is effect .

So for the purposes of this discussion, my statement was correct, even though it left the uncommon usages out.