Re: Proposal for modifying gnucash to use exact quantities

[Richard Wackerbarth]

On Tue, 25 Jul 2000, Bill Gribble wrote:
> Clark Jones <[EMAIL PROTECTED]> writes:
> > I hate to quibble with Gribble :-), but in actuallity the bill
> > establishing the Dollar as the U.S. currency (written by Thomas
> > Jefferson) defines the "mill" -- which is 1/1000 of a U.S. Dollar --
> > though the only places where you're likely to run into it is at the gas
> > pump and calculating real estate taxes.
>
> I'm a little confused about this.  Where is a "mill" actually a valid
> amount for a financial transaction?  You certainly can't take one out
> of a bank account.
>
> Is this just an anachronism?  Are there *any* places where correct
> record keeping requires one to keep track of dollar values down to the
> 1/1000 of a dollar?

Ask the question in another way. Are there places where correct record 
keeping is not done in 1/100ths of a dollar?

I don't think that you can have only one representation for items denominated 
in units indexed to US Dollars.

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