Currency Management

Question 1

What must an administrator do to enable advanced currency management?

1. Have unlimited edition licenses
2. Request a feature license from salesforce
3. Enable customizable forecasting
4. Enable multiple currencies

Answer 1

Answer: 4

Question 2

True or False: You must contact Salesforce to enable the multi-currency feature.

Answer 2

True

Question 3

How many levels of specificity are there for currency?

Answer 3

Three

1. At the org level
2. At the user level
3. At the record level

Question 4

If you update an exchange rate - does it change values on previous opportunities?

Answer 4

Depends

If you set a start date on the currency, it will only update the value on open opportunities and closed opportunities with a close date within that range.

You must enable Advanced Currency Management to do this.