I get what you're saying about the representation, but I think it's fair to say COBOL numbers are stored as decimal fixed point. i.e. it stores a certain number

I get what you're saying about the representation, but I think it's fair to say COBOL numbers are stored as decimal fixed point. i.e. it stores a certain number of digits, and the least-significant digit always has the same place value. (Though, again, correct me if I'm wrong).