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Does the Currency data type means field can only contain text and monetary data?
Wiki User
∙ 11y ago
That will vary on the programming language used, but in general, it is a data type with a fixed number of decimal digits - usually four - which internally stores the number it represented as a whole number - for four digits, that would mean multiplying it by 10,000. It is commonly used to store currency values, but it can also be used for other type of data, when you are sure you won't need more than four decimals; its benefit is that additions and subtractions with this data type are exact - they don't suffer from rounding errors that appear when converting between decimal and binary, with other data types.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoNo. The "currency" data type is a data type with a fixed amount of decimals, usually four. It can be used for anything that fits this description; for example, I have used it not only for money values, but also for quantities in an inventory system. It can certainly NOT be used for text.
Wiki User
∙ 10y agono
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What does monetary mean?
it means a gift of money from one person to another.
What are Monetary items?
monetary means that you can save money in you account monetary means that you can save money in you account
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I'm not fully understanding what this answer means, but I don't think it portends well. US currency is not based on Gold or something tangible like that; it is based on debt. US currency is a debt-based system.
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Monetary activities mean that you have to spend money to do the activity. However, non-monetary means the activity is free. Monetary and non-monetary are classifications for activities.
What is the importance of a monetary standard?
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What is the symbol used for currency?
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What does monetary gifts means?
it means a gift of money from one person to another.
What is monetary award?
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Define the term currency?
a really simple answer: currency means "money"
What does it mean when a currency is devalued?
it means the value of that currency went down
Central monetary authority?
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What does loosening monetary policy means?
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