**Contents**show

## What data type is used for money?

The MONEY data type stores currency amounts. TLike the **DECIMAL(p,s) data** type, MONEY can store fixed-point numbers up to a maximum of 32 significant digits, where p is the total number of significant digits (the precision) and s is the number of digits to the right of the decimal point (the scale).

## What is the best data type for price java?

6 Answers. you should use **BigDecimal** when dealing with currencies. Java’s native floating point types suffer from the same precision issues as other languages, since some decimals cannot be accurately represented as floating point numbers.

## Which data type is best for currency amounts?

The best data type for currency amounts is **“Decimal”**.

## How do you code money in Java?

**The Currency in Java**

- package com.javacodegeeks.examples;
- import java.util.Currency; import java.util.Locale;
- public class BasicCurrencyExample {
- public static void main(String[] args) { Currency curr = Currency.getInstance(Locale.UK);
- System.out.println( “The currency of United Kingdom is ” + curr.getCurrencyCode());
- }

## What data type is price in SQL?

The best type for price column should be **DECIMAL**. The type DECIMAL stores the value precisely. For Example – DECIMAL(10,2) can be used to store price value. It means the total digit will be 10 and two digits will be after decimal point.

## Should I use float or double for money?

**Float and double are bad for financial** (even for military use) world, never use them for monetary calculations. If precision is one of your requirements, use BigDecimal instead.

## What does double do in Java?

Java double is used to **represent floating-point numbers**. It uses 64 bits to store a variable value and has a range greater than float type.

## What is Roundingmode Half_even?

HALF_EVEN − Rounding mode **to round towards the “nearest neighbor” unless both neighbors are equidistant**, in which case, round towards the even neighbor. HALF_UP − Rounding mode to round towards “nearest neighbor” unless both neighbors are equidistant, in which case round up.

## What is the best of BigDecimal data type?

Explanation: **BigDecimal** provides more precision as compared to double. Double is faster in terms of performance as compared to BigDecimal. … Explanation: A BigDecimal is n*10^scale where n is an arbitrary large signed integer. Scale can be thought of as the number of digits to move the decimal point to left or right.

## Is MONEY a datatype in SQL?

The MONEY datatype in SQL server is **intrinsically less precise than** the DECIMAL datatype in calculations. SELECT 23/7 returns 3, since SQL Server has done integer division. If SQL Server performs calculations on the MONEY datatype, intermediate values are stored internally as MONEY datatypes.