Master Microservices with Spring Boot and Spring Cloud - Step 12 – Introduction to Currency Conversion and Currency Exch

The video tutorial explains the creation and functionality of two microservices: a currency exchange service and a currency calculation service. The currency exchange service uses JPA to interact with a database and provide exchange rates for currency conversion. An example is given where USD is converted to INR. The currency converter service utilizes the exchange service to perform conversions for any given amount. The tutorial also discusses potential advanced features and outlines the setup process for these services, introducing Spring Cloud for further development.

What are the two example services mentioned in the introduction?

• Currency exchange service and currency calculation service

• Stock trading service and weather forecasting service

• Weather forecasting service and currency exchange service

• Currency calculation service and stock trading service

Which technology does the currency exchange service use to interact with the database?

• JPA

• JDBC

• Hibernate

• Spring Data

If the conversion rate from EUR to INR is 75, how much is 1 EUR in INR?

• 65 INR

• 75 INR

• 85 INR

• 95 INR

How does the currency conversion service determine the conversion value?

• By using a fixed rate

• By calling the currency exchange service

• By using a third-party API

• By calculating based on historical data

What is the next step after setting up the currency exchange and calculation services?

• Exploring Spring Boot

• Integrating with a payment gateway

• Discussing Spring Cloud in detail

• Implementing security features