Yeah this doesn’t make any sense. In fact by their logic it’s wrong. A robuck is worth more than a US penny.
I’m guessing they’re basing it on the smallest paper denomination, but that still doesn’t really make much sense to do.
It wouldn't be the smallest paper denomination, IIRC the Euro and Pound don't have single notes in circulation anymore.
I don't believe the Euro ever had a 1€ note, it's always had 1€ and 2€ coins
The smallest New Zealand dollar note is a $5, anything less is coins.
The US does not use the penny as their currency, they use the dollar. A penny is a fraction of a dollar.
Yeah currency will have a whole unit. Common purchases may or may not fall within the range where that unit is the order of magnitude to think of, much in the same way the meter may or may not be the order of magnitude you think of, but it is the 1 marker. Cents are portions of the dollar, yen are whole 1s, even though they’re more or less comparable. Euro-American currencies tend to be subdivided into hundreds, and if needed fractions from there such as the halfpenny.
Yeah this doesn’t make any sense. In fact by their logic it’s wrong. A robuck is worth more than a US penny.
I’m guessing they’re basing it on the smallest paper denomination, but that still doesn’t really make much sense to do.
It wouldn't be the smallest paper denomination, IIRC the Euro and Pound don't have single notes in circulation anymore.
I don't believe the Euro ever had a 1€ note, it's always had 1€ and 2€ coins
The smallest New Zealand dollar note is a $5, anything less is coins.
The US does not use the penny as their currency, they use the dollar. A penny is a fraction of a dollar.
Yeah currency will have a whole unit. Common purchases may or may not fall within the range where that unit is the order of magnitude to think of, much in the same way the meter may or may not be the order of magnitude you think of, but it is the 1 marker. Cents are portions of the dollar, yen are whole 1s, even though they’re more or less comparable. Euro-American currencies tend to be subdivided into hundreds, and if needed fractions from there such as the halfpenny.