Cryptocurrency Q&A
What does 60 cents on the dollar mean?
What does 60 cents on the dollar mean?
DigitalLegend
Thu Nov 07 2024
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5 answers
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I heard someone use the expression '60 cents on the dollar' and I'm not sure what it means. Can someone explain this phrase to me in simple terms? I want to understand how it's used in a financial or general context.
5 answers
DigitalDukedom
Sat Nov 09 2024
In practical terms, if you purchase an item valued at $100 for $60, you are essentially paying 60 cents for each dollar of its worth.
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Nicola
Sat Nov 09 2024
This idea can be applied to various situations where a cost is incurred based on the value of the item.
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ZenMindful
Sat Nov 09 2024
It is not limited to discounts; it can also be used when an item is sold at a premium.
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CryptoBaroness
Sat Nov 09 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.
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CryptoQueenBee
Sat Nov 09 2024
The concept involves paying a specific price 'X' for every dollar an item is worth.
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