I'm trying to figure out the value of a 'mil' in terms of dollars. I've heard this term used in various contexts and I want to know how much it actually represents in monetary value.
7 answers
DavidLee
Wed Oct 30 2024
This unit serves as a fractional representation of the national currency.
Federico
Wed Oct 30 2024
Specifically, it is equivalent to a thousandth of a United States dollar.
Margherita
Wed Oct 30 2024
This means that one thousand of these units make up one dollar.
amelia_miller_designer
Wed Oct 30 2024
In the United States, a specific notional unit holds significance.
ZenBalanced
Wed Oct 30 2024
Alternatively, it can be described as a hundredth of a dime.