On Wednesday, 30 November, 2016 17:58, Darren Duncan <dar...@darrenduncan.net> 
said:

> On 2016-11-30 2:43 PM, Keith Medcalf wrote:
> >
> >> You were given a good recommendation save everything in "cents". Which
> >> might also be a good solution depending on the underlying language you
> >> use. as you can't store money in a float!
> >
> > And why can you not store money in a float?
> 
> Unlike say measured data like temperature or rainfall, which are
> inherently
> inexact, money is not measured and is considered exact information, at
> least in
> typical cases of recording transactions, so needs to be represented in an
> exact
> format.  You don't want your bank balance to be changing by different
> values
> than the exact amount you insert or withdraw, do you? -- Darren Duncan

I do not follow.  

There is no reason that money cannot be stored as IEEE754 floating point 
(32-bit format lesser formats such as fast-float are more problematic than 
64-bit or longer binary, but can easily handle more than 10 times all the money 
every created), and it can certainly be stored in IEEE854 floating point.

Why exactly do you think there is a problem?  Or is it really just a generally 
observed wattage problem (in the understanding of numbers and arithmetic and 
how computers work).





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