46 money for Dummies
46 money for Dummies
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The usage of ‘K’ for a shorthand for thousand obtained reputation in the early 1900s and is now broadly acknowledged and approved in finance and accounting.
In money conditions, “K” is surely an abbreviation that signifies “thousand”. It is derived within the metric prefix “kilo-” which suggests one thousand.
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When using “K” in money, it is necessary to notice that it normally follows the quantity. Such as, if anyone says they've 50K in personal savings, they signify they may have $fifty,000 in price savings. Using uppercase or lowercase “K” is normally approved and identified.
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All in all, the usage of ‘K’ to be a monetary phrase is derived within the metric prefix ‘kilo-‘, which suggests one particular thousand. The prefix has its origin from the French Revolution and was later on adopted with the metric technique.
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