Final answer:
The current time is 5:37 p.m.
Step-by-step explanation:
If there are 23 minutes until 7 o'clock, the current time can be found by subtracting 23 minutes from 7 o'clock. Start by subtracting 1 hour from 7 o'clock, which leaves 6 o'clock. Then subtract 23 minutes from 6 o'clock. Since there are 60 minutes in an hour, subtracting 23 minutes is equivalent to subtracting 0 hours and 23 minutes. Therefore, the time is 5:37 p.m.