Microsoft Dynamics 365 Fundamentals (CRM) — Question 51
A company is considering implementing products and the product catalog in Dynamics 365 Sales.
Sales transactions can occur in multiple currencies. The company wants to manage exchange rates.
You need to explain to the company how Dynamics 365 Sales handles currency.
Which two statements describe how Dynamics 365 Sales handles currency? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Answer options
- A. By default, all available currencies can be used.
- B. By default, a base currency is available and other currencies can be added as needed.
- C. Exchange rates are automatically updated.
- D. Exchange rates need to be updated manually.
Correct answer: B, D
Explanation
The correct answer B indicates that Dynamics 365 Sales starts with a base currency, allowing the addition of other currencies as needed, which is essential for multi-currency management. Answer D is also correct because exchange rates in Dynamics 365 Sales must be updated manually, which is critical for businesses that deal with fluctuating currency values. Options A and C are incorrect as they imply automatic availability and updates of currencies and exchange rates, respectively.