What is MRC? Explain its uses

What is MRC? Explain its uses?

MRC stands for Multiple Reporting Currencies. It has default currency as US $. And if any organization books with some other currency there comes the requirement of MRC. Hence through MRC we can use currency as per our wish.

Uses:
- Transaction-Level Conversion.
- Inquiry and Reporting in Multiple Currencies.
- Euro Support. MRC allows Oracle Applications to support organizations that are transitioning from their national currency to the Euro.
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