24 Oct
2011
24 Oct
'11
12:11 p.m.
On Mon, 24 Oct 2011, Vintage Coder wrote:
Decimal math (hardware supported) is used heavily in
financial
processing with IBM COBOL. No loss of precision because the type is base
10. BCD is very similar to what IBM calls "packed decimal".
Although with a radix of 10, which MAKES SENSE for financial, I still
think of that as being scaled integers. It is not an exponential
structure like the IEEE Floating Point Representation Standard.