Quickbooks Advanced Certification

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.