Which two options are critical in configuring the currency for a newly launched site?

Configuring the currency for a newly launched site is essential for ensuring that transactions are processed correctly and that customers see prices in the currency that they understand. Assigning a default currency sets the foundational framework for all financial transactions within the site. This configuration impacts how prices are displayed to customers, how orders are processed, and how financial reporting and analytics are conducted. It ensures that monetary values throughout the site remain consistent and accurate, providing a seamless shopping experience to users.

When a default currency is set, it dictates the currency in which all transactions are recorded. This is crucial in a global marketplace where customers might come from different regions, and having a clear understanding of pricing in their local currency can significantly influence purchasing decisions. It also simplifies the backend operations involved in payment processing, as all transactions will be done in the defined currency, streamlining accounting reconciliations and financial reporting.

The other choices, while important in their respective contexts, do not directly influence the currency handling of the site, which is a primary concern for any e-commerce platform.