Check your knowledge


Answer the following questions to see what you've learned.


How can you set up USD as the local currency (LCY)?


You always want to display local currency monetary amounts with two decimal places. On the General Ledger Setup page, you need to set up the appropriate field with the appropriate value. What should you do?


You want to use a payment tolerance of 2 percent for the local currency (USD) and 3 percent for the euro currency. How can you complete this task?