Question: I believe this is the correct answer to this question - I could be wrong - please reply! Which 2 statements are true regarding the

I believe this is the correct answer to this question - I could be wrong - please reply!

Which 2 statements are true regarding the Multicurrency function in QuickBooks Online?

(Select all that apply)

  • You can invent a currency belonging to an imaginary country for practice purposes
  • You can view a list of a foreign currency's historical exchange rates used for review
  • Exchange rates are expressed as the number of foreign units it takes to equal one home currency unit
  • Balance Sheet accounts that existed prior to turning on Multicurrency are assigned the home currency
  • Once you've added a transaction in a foreign currency, you cannot delete the currency used from the list

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