Re: RFC : Correcting some problems in rounding/number handling

[Randolph Fritz]

On Wed, Jun 21, 2000 at 01:08:50PM -0500, Bill Gribble wrote:
> 
> Actually, that's the question.  If every account has a minimum
> transaction unit, we need to enumerate what they are for every type of
> account that gnucash can deal with.  I'll start: I hypothesize that
> banks don't do transactions in US Dollars with units smaller than
> $0.01.  Now you tell me about the limits on resolution of the number
> of shares in a mutual fund account.
> 

I believe, historically at least, banks have used "mils," or $0.001.
They may use finer divisions now.  Currently stock exchanges use
sixteenths (or is it eights?), but there is talk of going decimal.

-- 
Randolph Fritz
Eugene, Oregon, USA

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