Cryptocurrency Q&A
What is 1M in currency?
What is 1M in currency?
ethan_lewis_journalist
Mon Nov 04 2024
|
7 answers
1977
I'm wondering about the meaning of 1M when it's used in the context of currency. Is it referring to a specific amount, like one million of a certain currency, or does it have another interpretation in the financial world?
7 answers
CryptoVanguard
Tue Nov 05 2024
The notation used on the Internet for representing large numbers involves the letters "K" and "M".
Was this helpful?
102
49
Valentino
Tue Nov 05 2024
Similarly, the letter "M" is used to represent "million."
Was this helpful?
303
79
AmyDavis
Tue Nov 05 2024
Specifically, the letter "K" stands for "kilo," which is derived from the Greek word meaning "thousand."
Was this helpful?
127
43
Martina
Tue Nov 05 2024
This notation is derived from the Latin word "mille," which also means "thousand," but in this context, it is used to signify one thousand thousands, or a million.
Was this helpful?
377
41
CryptoTitanGuard
Tue Nov 05 2024
Therefore, when you encounter a number followed by "M," it indicates that the number is multiplied by 1,000,001.
Was this helpful?
338
43
Load 5 more related questions
