Explanation
The statement that describes SAP Multi-Bank Connectivity is there are minimal additional hardware costs.
SAP Multi-Bank Connectivity is a cloud-based service that allows you to connect with multiple banks and payment service providers in a secure and standardized way. SAP Multi-Bank Connectivity eliminates the need for additional hardware or software installation for bank communication, which reduces the hardware costs and maintenance efforts.
References:https://help.sap.com/viewer/product/SAP_MULTI-BANK_CONNECTIVITY/en-US

Explanation
The options that you have to group a mass change request when workflows are enabled for Bank Account Management are bank country and company code. Bank Account Management is a function that allows you to create and maintain bank accounts and their attributes in SAP S/4HANA. A mass change request is a request that allows you to change multiple bank accounts at once by using workflows. You can group a mass change request by bank country or company code to assign different approvers or processors for each group.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2

Explanation
The settings that you need to specify for currency conversion when building a planning model in SAP Analytics Cloud are default currency and currency dimension. Default currency is a setting that defines the currency in which the model data is stored anddisplayed by default. Currency dimension is a setting that defines the dimension that contains the currency information for each record in the model. You can use these settings to enable currency conversion for your planning model and display the data in different currencies based on exchange rates.
References:https://help.sap.com/viewer/00f68c2e08b941f081002fd3691d86a7/release/en-US/f22248cc13f74872

Explanation
Market data types are used to provide market information for valuing financial transactions and performing market risk analysis. Some of the market data types that can be imported into the system are discount factors, forex swap rates, and security prices. Discount factors are used to calculate present values of cash flows based on interestrates. Forex swap rates are used to calculate forward exchange rates based on spot rates and interest rate differentials. Security prices are used to value securities based on market quotations.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2

Explanation
The Take Snapshot Balance Sheet FX Risk SAP Fiori app is used to capture the data for FX balance sheet hedging. The data that is captured with this app includes balance sheet exposures and market data. The balance sheet exposures are the open items that are exposed to foreign currency risk. The market data are the exchange rates that are used to value the exposures and calculate the FX gains or losses.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2