Timeline for Is there a country that uses the term "dollar" for currency without also using "cents" as fractional monetary units?
Current License: CC BY-SA 3.0
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Jun 6, 2013 at 19:51 | history | edited | John Bensin | CC BY-SA 3.0 |
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May 31, 2013 at 18:35 | comment | added | John Bensin | @DilipSarwate It never occurred to me that the old NYSE system was based on the Spanish system. Apparently the switch occurred in 2001. Since I was ten at the time I don't have any practical experience with that trading system (I started using the stock market in '06). | |
May 31, 2013 at 18:10 | comment | added | Dilip Sarwate | The eighth of a dollar was often used in share prices in the stock market until fairly recently, e.g. "Yesterday I was down one and seven-eighths but today I am up two and a quarter" | |
May 31, 2013 at 17:23 | comment | added | John Bensin | @ghoppe I'd never heard the expression "two bits" to mean 25 cents (I've always just heard "two bit -something"). Thanks for pointing out the etymological basis for that and pieces of eight; I like the SE sites because I learn something new every day! | |
May 31, 2013 at 17:11 | comment | added | ghoppe | To further expand your historical note, that's also why 25 cents is "two bits" and you hear pirates talk of "pieces of eight". | |
May 31, 2013 at 16:40 | history | edited | John Bensin | CC BY-SA 3.0 |
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May 31, 2013 at 16:18 | history | answered | John Bensin | CC BY-SA 3.0 |