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What is the need of reference table and reference field in Currency/Quantity fields?

April 26, 2017currency field Fields quantity Reference Table

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What is the need of reference table and reference field in Currency/Quantity fields?

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The reference table and reference field are the fields which specify the currency key or Unit of Measure. Suppose if the user specifies a currency amount say 1000$, the currency amount field would indicate the amount 1000 and the currency key indicates that the currency specified is in Dollars.