Monetary amounts should be stored and manipulated as binary floating-point numbers.

Question

Quizplus · Accepted Answer

Monetary amounts should be stored and manipulated as fixed-point numbers, not binary floating-point numbers. This is because binary floating-point numbers can lead to rounding errors which can be significant in financial calculations. Fixed-point numbers, on the other hand, are designed to handle decimal arithmetic accurately without rounding errors.

Monetary Amounts Should Be Stored and Manipulated as Binary Floating-Point