Draft:Zero exponent currency
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Last edited by The void century (talk | contribs) 2 seconds ago. (Update) |
A Zero exponent currency or Zero decimal currency is a currency where there is no minor currency unit. For example, the Japanese yen cannot be divided into minor units. It only uses whole number values and uses zero as a standard currency exponent. This differs from non-decimal currencies and decimal currencies, where there are major monetary units that can be divided into minor units, and decimal values are valid. For example, the United States dollar can be divided into 100 cents and uses two as a standard currency exponent.[1]
References
[edit]- ^ Singh, S. k (2009). Bank Regulations. Discovery Publishing House. p. 53. ISBN 978-81-8356-447-2.