A multimeter is a laboratory instrument that can measure AC/DC voltages, currents, and resistance with a digital display. It has three main parts: a display, a selection knob to choose the measurement function, and ports to connect probes. To measure voltage, the probes are connected to the circuit and the knob is set to the voltage setting. To measure resistance, the knob is set to the resistance setting and the probes are connected across a resistor. Multimeters provide accurate digital readings and can measure several circuit parameters with one device.