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## 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 can I use for SQL pricing?

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.

## What is the datatype for salary?

**Numeric data types** are normally used to store data like price, salary etc. Allows you to store a value 1, 0, or NULL . Stores integer values in the range from 0 to 255.

## 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 storage size of small money data type?

Storage size of small money is **4 bytes**.

## Can money data type be negative?

Price is money , the q. Qty is int . So, if the calculation is (0-10.00) * 50 = **-500.00** (it’s a negative number because it is product that are bought on a schedule) but I always get 0 or null as a result in my data table.

## 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.

## How do I find the lowest price in SQL?

To find the minimum value of a column, **use the MIN() aggregate function**; it takes as its argument the name of the column for which you want to find the minimum value. If you have not specified any other columns in the SELECT clause, the minimum will be calculated for all records in the table.

## What is real datatype in SQL?

Real is **a Single Precision Floating Point number**, while Float is a Double Precision Floating Point number. … The Floating point numbers can store very large or very small numbers than decimal numbers.

## What are SQL constraints?

SQL constraints are **a set of rules implemented on tables in relational databases to dictate what data can be inserted, updated or deleted in its tables**. This is done to ensure the accuracy and the reliability of information stored in the table.