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Question 128 - Certified Sales Cloud Consultant discussion

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Cloud Kicks (CK) operates in multiple countries and wants to track historical exchange rates. The consultant at CX has implemented dated exchange rates by using Advanced Currency Management.

How is the converted currency amount calculation on Opportunities determined?

A.
The close date regardless of the opportunity stage
Answers
A.
The close date regardless of the opportunity stage
B.
The close date only when the stage is closed
Answers
B.
The close date only when the stage is closed
C.
The current exchange rate regardless of the close date
Answers
C.
The current exchange rate regardless of the close date
D.
The exchange rate at the time the opportunity is closed
Answers
D.
The exchange rate at the time the opportunity is closed
Suggested answer: A

Explanation:

The close date regardless of the opportunity stage is how the converted currency amount calculation on Opportunities is determined when using dated exchange rates and Advanced Currency Management. Dated exchange rates are exchange rates that are tied to specific dates or ranges of dates. Advanced Currency Management is a feature that allows users to enable dated exchange rates and track historical exchange rates in Salesforce. When using dated exchange rates and Advanced Currency Management, the converted currency amount on Opportunities is calculated based on the exchange rate that matches the close date of the Opportunity, regardless of whether the Opportunity is open or closed.

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asked 23/09/2024
Zoltan Mate
22 questions
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