How can you enable multiple currencies within an FCCS application?

• A. Enable a dimension for Currency after application creation via a Metadata load.
• B. During app creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
• C. During application creation, select the Multicurrency option of "Yes".
• D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

Answer: (C)

Enabling multiple currencies is a configuration choice made when you create the FCCS app. You must select Yes for the Multicurrency option during app creation. Turning this on activates the Currency dimension, sets up base and reporting currencies, and enables exchange rates and translation rules so you can store data in one currency and report in others.

This is the correct approach because the multicurrency capability is not just about adding currencies later or labeling existing members. If you don’t enable multicurrency at creation, the app remains single-currency and cannot support currency translation or multiple reporting currencies. The other options either try to add currencies after the fact without turning on multicurrency, or rely on adding labels in places that don’t define or activate the Currency dimension, which won’t establish the full multicurrency framework.