Question 1

Cumulus Bank has branches in multiple countries that are required to report in local currency, while the

corporate headquarters office wishes to see reports in a single currency (the corporate currency).

Which solution should a consultant recommend to meet these requirements?

Options :

A :

Set the default currency for head office and have the regions download their reports to Excel and convert them manually.

B : Use a third party from AppExchange add-on to implement currency conversions.

C :

Enable multiple currencies and advanced currency management, and set a corporate currency for the corporate headquarters office.

D :

Allow users to set their preferred currency in their profile and design reports that convert currencies for the user running the report.

Answer: C

Question 2

What must an administrator do when creating a record type?

Options :

A : Create a new page layout for the record type

B : Set the field-level security for the record type

C : Assign the record type to the appropriate profiles

D : Add the record type to the required user records

Answer: C

Question 3

The Salesforce Admin wants to make it easier for call center agents to complete some common tasks by setting up flows and launch them from the Retail Banking Console. What does the Admin have to keep in mind when setting up Flows?

Options :

A : Flows can be used to provide step-by-step guidance for address changes, without the need for then agent to navigate to different screens.

B : To open. edit, or create a Flow in Flow Builder, the user needs the Run Flows permission.

C : To use Financial Services Cloud Flows, you'll need the Financial Services Managed Package installed m the org and the Financial Services Cloud a permission set assigned to the user.

D : To use a Flow, a user must have access to the underlying object and its field

Answer: C

Question 4

What functionality is included in the Financial Services Cloud Extension license? (2 correct answers)

Options :

A : It enables user access to the Actionable Relationship Center Lightning component

B : It enables user to configure Compliant Data Sharing

C : It enables user access to the Action Plans feature

D : It enables user access to Download Analytics Data and Install

E : Analytics Templated Apps

Answer: A,B

Question 5

When the multiple currencies feature is enabled, which currency is used as the basics for all currency

conversion rates?

Options :

A :

Active currency

B :

Personal currency

C :

Corporate currency

D :

Record currency

Answer: C

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