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## Is MONEY a datatype?

The money data type is **an abstract data type**. Money values are stored significant to two decimal places. These values are rounded to their amounts in dollars and cents or other currency units on input and output, and arithmetic operations on the money data type retain two-decimal-place precision.

## 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).

## Is there a MONEY 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.

## Is MONEY float or decimal?

Money and Decimal are fixed numeric datatypes while **Float is an approximate numeric datatype**. Results of mathematical operations on floating point numbers can seem unpredictable, especially when rounding is involved.

## 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.

## How do you store MONEY in a database?

The first important rule is, **always store values as fractional units**. It can be tempting to store a value such as $10 as 10.00 in your database. However, storing monetary values with a decimal point can cause a lot of issues. Instead, you should always store monetary values in their minor unit form.

## What data type should be used for MONEY Python?

Python’s **float type** is a natural first step to represent monetary amounts in the code. Almost all platforms map Python floats to IEEE-754 “double precision”.

## What is the best data type for money in SQL?

**1 Answer**

- You must use fixed-point numeric data type for storing the money values in MYSQL like this:
- Here, 15 is the precision (i.e. total length of value including decimal places) and 2 is the number of digits after the decimal point.
- Note: As money needs an exact representation.

## How do you represent money in SQL?

The money types are integers

Behind the scenes, money / smallmoney are just a bigint / int The decimal point in the text representation of money is **visual fluff**, just like the dashes in a yyyy-mm-dd date. SQL doesn’t actually store those internally.

## What is Sql_variant data type?

sql_variant enables **these database objects to support values of other data types**. A column of type sql_variant may contain rows of different data types. For example, a column defined as sql_variant can store int, binary, and char values. sql_variant can have a maximum length of 8016 bytes.