How can you format a cell to display currency in Excel?

To format a cell to display currency in Excel, the correct method involves selecting the cell, right-clicking it, choosing "Format Cells," and then selecting the Currency option. This approach utilizes Excel's built-in formatting features designed specifically for currency. By doing this, the user ensures that any numerical value in the cell correctly reflects the currency format, which may include currency symbols, decimal places, and even options for how negative numbers should be displayed.

This method provides a standardized way to display monetary values, ensuring consistency throughout the spreadsheet. It also allows for further adjustments, such as setting the decimal places or selecting different currency symbols based on regional settings. Offering an efficient way to present financial figures, this formatting option enhances readability and clarity within Excel documents.