Oracle Exam 1Z0-516 Topic 10 Question 34 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 34
Topic #: 10

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

AYou can maintain daily rates and historical rates more easily.

BYou get improved efficiency with the help of the spreadsheet interface.

CYou can maintain consistency among different currency conversion rates.

DAdditional security ensures that historical rates can be uploaded to closed or future periods only.

EYou can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Show Suggested Answer

Suggested Answer: B

by Marti at Oct 18, 2024, 02:24 AM

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Jacklyn

8 days ago

Wow, this question covers a lot of the key benefits of the Currency Rates Manager. I think A, C, and D are the correct answers. The ability to maintain daily and historical rates, ensure consistency, and control access to closed/future periods are really important features.

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