0.018 In Money?

[joe-jen12]

Hello all,

Apologies in advance for the silly question!

What is 0.018 in monetary terms? For example, 0.18 is 18p, but what is 0.018?

Thanks in advance,
OBL.

[rockyracoon]

1.8 pence. Just under 2p

[bhg481]

No it's not - it's 18 hundredths of a penny.

[jackthehat]

Yes, it is... 1.8p

[gingejbee]

It depends...on whether 0.018 is £0.018 or 0.018p And since the OP has said "0.18 is 18p" then 0.018 is, by extension 1.8p.

[bhg481]

Just testing Jack - of course, you're right.

[jackthehat]

LoL.... :o)

But I agree with gingejbee's analysis...

[jno]

if it's 0.018 of a pound, then as rockyracoon says.

[gingejbee]

Just to expand on the above...0.018 doesn't have any monetary meaning without the £ or p being shown.....which the OP didn't do.

[alavahalf]

The op didn't show there was a £ sign in front of the 0.018
Therefore it would be assumed the query related to a penny.
Bhg was right as in .. 18 hundredths of a penny.
I'm afraid it has a perfectly normal monetary meaning and is used all day long on the Alternative Investment Market.
If you are unaware of the AIM, it's a way to make or lose lots of money very quickly, often within seconds. As a regular investor I often buy or sell shares and the trading platform providers offer prices to buy and sell .. to the nearest 100th of a penny... so yes 0.018 does have a monetary value and is in everyday use.

[ukbod2015]

1.8 pence

[alavahalf]

" 1.8p" ... and no explanation.

If I were to see 0.018 used in monetary terms, I would immediately think of those figures as describing a fraction of a penny and as previously stated.
Have a look at a screen print taken a few minutes ago and it is plain to see.
Look at .."yesterdays close" .. I can assure you that prices are quoted to buy and sell in 10ths and 100ths of a penny.
http://i60.tinypic.com/256soz9.jpg


Another link to the same share to show it's real ... but I'm afraid the price has shot up by more that 25% in the last hour ! ... https://www.google.co.uk/?gws_rd=ssl#q=lse+tern

[joe-jen12]

Hi,

Thanks everyone for the replies and explanations, I am sorry I wasn't clear in my original post!