Cash rounding
id:
cash-rounding-183-5788829
title:
Cash rounding
text:
Cash rounding or Swedish rounding occurs when the minimum unit of account is smaller than the lowest physical denomination of currency. The amount payable for a cash transaction is rounded to the nearest multiple of the minimum currency unit available, whereas transactions paid in other ways are not rounded. Cash rounding typically occurs when low-denomination coins are removed from circulation owing to inflation. Cash rounding may be a compulsory legal requirement if such coins are no longer le
brand slug:
wiki
category slug:
encyclopedia
description:
Rounding debts to the lowest physical denomination
original url:
https://en.wikipedia.org/wiki/Cash_rounding
date created:
2006-05-22T12:55:11Z
date modified:
2024-09-06T22:31:00Z
main entity:
{"identifier":"Q5366931","url":"https://www.wikidata.org/entity/Q5366931"}
image:
fields total:
13
integrity:
15