In terms of display resolution, the 720210 and 701250 modules (12-bit) are equivalent to a 4 digit DMM. The 701262 module (16-bit) is equivalent to a 5 digit DMM. However, in terms of DC accuracy, the 720210 and 701250 modules are equivalent to a 3 digit DMM, and the 701262 module is equivalent to a 4 digit DMM.
See the attached screen shot for an example of the DMM style monitor function display mode.