Talk me through this. As I understood it, and I must be wrong here, a decimal type is an abstraction around an infinite-precision integer, which represents some

Talk me through this. As I understood it, and I must be wrong here, a decimal type is an abstraction around an infinite-precision integer, which represents something like thousandths of a cent? I thought there was an IEEE standard, and it was the standard for all financial transactions. Is this not what BigDecimal is?