2 ms·

No it can't. There are systems that track things worth less than a penny for later billing, but at the end of the month when they bill someone, they do some sor

No it can't. There are systems that track things worth less than a penny for later billing, but at the end of the month when they bill someone, they do some sort of rounding.

ars 7y ago
If you are earning interest at a bank, and you've earned a fraction of a penny, they will eventually pay it to you once you've earned enough for a whole penny. i.e. they track your account balance to more than 2 digits, they just only show you 2 digits.
jcranmer 7y ago
Someone should tell that to everyone who ever used a ½¢ coin in the US. Also, US law explicitly states (31 USC §5101) that the unit of 1/1000th of a dollar is a mill.
- nitwit005 7y ago
  Go to a bank and ask for a half penny or a thousandth of a dollar. Let me know how it goes.
  - jsjohnst 7y ago
    Go to a bank and ask for a $500 or $1000 note too. They won’t give you one as they aren’t in circulation anymore, but most (all?) will let you deposit it for face value.
    - nitwit005 7y ago
      Because, unlike a thousandth of a dollar, those are valid amounts for real transactions. It goes without saying that half pennies are dead. A mill seems to be from the Coinage Act of 1792, which is perhaps a tad outdated.
      - jsjohnst 7y ago
        Take two half penny coins or notes to the bank and they’ll credit your account a penny. Of course, just like with the $500 or $1000 notes, you’ll be losing money on the deal. > A mill ... is perhaps a tad outdated. Yet you use mills every time you pay for gas. Pointless in that case? Probably. Still used all the time? Certainly.
        cellular 7y ago
        I pull the gas lever intermittently until the gal goes up but the cents don't. It takes about 5 tries, but always makes me smile that I beat the game.
- coldtea 7y ago
  >Someone should tell that to everyone who ever used a ½¢ coin in the US. All 10 of them?
  - jsjohnst 7y ago
    I’ve got some at home, but admittedly I’d never use one as currency. I also have US ½¢ paper notes too.

No it can't. There are systems that track things worth less than a penny for later billing, but at the end of the month when they bill someone, they do some sort of rounding.

ars 7y ago

If you are earning interest at a bank, and you've earned a fraction of a penny, they will eventually pay it to you once you've earned enough for a whole penny. i.e. they track your account balance to more than 2 digits, they just only show you 2 digits.

jcranmer 7y ago

Someone should tell that to everyone who ever used a ½¢ coin in the US. Also, US law explicitly states (31 USC §5101) that the unit of 1/1000th of a dollar is a mill.

nitwit005 7y ago
Go to a bank and ask for a half penny or a thousandth of a dollar. Let me know how it goes.
- jsjohnst 7y ago
  Go to a bank and ask for a $500 or $1000 note too. They won’t give you one as they aren’t in circulation anymore, but most (all?) will let you deposit it for face value.
  - nitwit005 7y ago
    Because, unlike a thousandth of a dollar, those are valid amounts for real transactions. It goes without saying that half pennies are dead. A mill seems to be from the Coinage Act of 1792, which is perhaps a tad outdated.
    - jsjohnst 7y ago
      Take two half penny coins or notes to the bank and they’ll credit your account a penny. Of course, just like with the $500 or $1000 notes, you’ll be losing money on the deal. > A mill ... is perhaps a tad outdated. Yet you use mills every time you pay for gas. Pointless in that case? Probably. Still used all the time? Certainly.
      - cellular 7y ago
        I pull the gas lever intermittently until the gal goes up but the cents don't. It takes about 5 tries, but always makes me smile that I beat the game.
coldtea 7y ago
>Someone should tell that to everyone who ever used a ½¢ coin in the US. All 10 of them?
- jsjohnst 7y ago
  I’ve got some at home, but admittedly I’d never use one as currency. I also have US ½¢ paper notes too.