ADM-201 · Question #47
Ursa Major Solar recently enabled the multiple currencies feature. As a result, which currency will be used as the foundation for all currency conversion rates?
The correct answer is D. Corporate currency. Upon enabling the multiple currencies feature in Salesforce, the corporate currency is established as the foundational currency for the organization, determining the basis for all currency conversion rates.
Question
Ursa Major Solar recently enabled the multiple currencies feature. As a result, which currency will be used as the foundation for all currency conversion rates?
Options
- ARecord currency
- BActive currency
- CPersonal currency
- DCorporate currency
How the community answered
(47 responses)- A2% (1)
- B2% (1)
- C4% (2)
- D91% (43)
Why each option
Upon enabling the multiple currencies feature in Salesforce, the corporate currency is established as the foundational currency for the organization, determining the basis for all currency conversion rates.
Record currency is specific to an individual record and indicates its transaction currency, but it does not act as the universal basis for all conversion rates within the organization.
Active currency refers to any currency enabled for use in the organization, but it does not specifically designate the foundational currency for conversion rates.
Personal currency is a user's default display currency and influences how they view currency fields, but it does not dictate the organization-wide foundation for currency conversion rates.
The corporate currency serves as the primary currency for the organization and is the foundational currency against which all other active currencies' conversion rates are defined when multiple currencies are enabled.
Concept tested: Salesforce Multi-Currency Corporate Currency
Source: https://help.salesforce.com/s/articleView?id=sf.admin_enable_multicurrency.htm&type=5
Topics
Community Discussion
No community discussion yet for this question.