On 24/06/14 08:06, Martin Michlmayr wrote: > * What about currencies like CAN and AUD which have phased out the > cent coin? The smallest coin is 5c. I *assume*, bank and investment > accounts still show single cents, but I'm not sure (Martin Blais, can > you comment?). > New Zealand has also eliminated the five cent coin. But there, and in Australia, everything works with all hundred cents to the dollar. If something costs $9.99 and you pay for it with a credit card, the card account will be debited $9.99. The elimination of the small value coins only affects cash transactions. Of course, the cash-rounding is assessed last. If you buy 10 things each costing $9.99, the cost will be $99.90, however you pay.
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