Below is the answer and explanation for the question in the Salesforce Exams.

• Contact Salesforce.com ✅
• Check the Enable Multi-currency checkbox in your Chatter profile
• Operate your business in at least two different countries
• You cannot enable this feature once you’ve implemented Salesforce.

Correct Answers

Contact Salesforce.com ✅

Explanation

Before enabling multi-currency, check the implications of enabling this features:
After being enabled, multiple currencies can’t be disabled for your organization
Enabling this feature needs lockout duration that depends on the data space used by your organization.
The currenct Currency Locale will become the default currency stamp
Upon enablement, existing records are stamped with a default currency code that you provide in your enablement request
After enablement, all currency fields display the ISO code of the currency before the amount. For example, $100 displays as USD 100
If you have only one currency in your multi-currency organization, you can set a preference to display currency symbols instead of ISO codes: Go to “User Interface”, and then select “Show currency symbols instead of ISO codes”

To enable Multi-currency, you should:
In Setup, select Company Information and click Edit. Ensure that your selected currency locale is the default currency that you want to use for current and future records.
Check the checkbox “Allow Support to Activate Multiple Currencies”, and then save your changes.
Open a case with Salesforce support, and mention your Org. ID and your confirmation that you understand the implications of enabling multi-currency

The above question is related to the Salesforce Exams. You can find all the updated questions and answers related to the Salesforce Admin Practice Exam on the “Salesforce Exams” page. If you find the update in questions or answers, do comment on this page to let us know. I will update the answers as soon as possible.

To learn about Salesforce Exams: Salesforce Exams.