Billion: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Kmacharla No edit summary |
imported>Doug Williamson m (Added more space so that calculations are clearer) |
||
| Line 3: | Line 3: | ||
One thousand million (1,000,000,000 or 10<sup>9</sup>). | One thousand million (1,000,000,000 or 10<sup>9</sup>). | ||
For example EUR 100 billion = EUR 100,000,000,000. | For example | ||
EUR 100 billion = EUR 100,000,000,000. | |||
Often abbreviated to 'bn' or 'Bn'. For example EUR 100bn. | Often abbreviated to 'bn' or 'Bn'. For example EUR 100bn. | ||
2. | 2. | ||
| Line 11: | Line 15: | ||
This historical usage never became well-established in finance, and is now - for practical purposes - defunct. | This historical usage never became well-established in finance, and is now - for practical purposes - defunct. | ||
== See also == | == See also == | ||
* [[Trillion]] | * [[Trillion]] | ||
Revision as of 13:59, 20 September 2014
1.
One thousand million (1,000,000,000 or 109).
For example
EUR 100 billion = EUR 100,000,000,000.
Often abbreviated to 'bn' or 'Bn'. For example EUR 100bn.
2.
Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 1012).
This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
