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Tools in Data Science · End Term · 21 Dec 2025 · September 2025 term

Question 11: When aggregating financial transaction data across multi…

Question 11

+1 markOne correct option

When aggregating financial transaction data across multiple currencies, why is it important to store both the original currency amount and the exchange rate used for conversion?

  1. A

    It's unnecessary; storing only the converted amount is sufficient

  2. B

    Enables auditing, recalculation with updated rates, and transparency

  3. C

    It wastes storage with no practical benefit

  4. D

    Regulatory requirements mandate it for all data types

Show answer

Correct answer

  • B

    Enables auditing, recalculation with updated rates, and transparency

See the whole paperTake it as a mock test

Question 11 of 36 in the IIT Madras BS Tools in Data Science (Tools in Data Science (TDS)) End Term paper sat on 21 Dec 2025, in the September 2025 term (Tools In Data Science 18 Dec 25). It carries 1 mark.

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