Schema
Gordon Oliver
gordo@pincoya.com
Wed, 13 Dec 2000 14:35:30 -0800
> Or am I thinking too much like an American, and some
> currencies could actually be held in the amount of 3/16, for example?
probably ;-)
some at least used to have divisions of 200 (for example, there used to be - and perhaps still
is - a halfpence in Great Britain...)
Also common here are mutual funds, denominated in thousanths, and stocks, which vary at this
point...
So the denominator goes: smallest divisible unit. (amount atoms?)
And the numerator: number of smallest divisible units
or in sentence form:
The denominator represents the divisor for the smallest countable unit of this currency/asset. For
example in the United States, it is 100 for $0.01. In Chile it is 1 for 1 peso. I believe, but someone
would need to confirm, that the denominator is constant for an account...
The numerator represents the number of smallest countable units for this split of the transaction.
In the US this would be the number of cents, in Chile, the number of pesos.
-gordon