What does K stand for in money terms?
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Isabella Martinez
Studied at Yale University, Lives in New Haven. Currently working as a journalist for a major news outlet.
As a financial expert with extensive knowledge in monetary systems and currencies, I can provide you with an accurate explanation of what "K" stands for in money terms.
In financial contexts, "K" is often used as an abbreviation for "kilo," which is a prefix in the metric system denoting a factor of a thousand. When it comes to money, "K" is commonly used to denote one thousand monetary units. For example, if someone says they have 5K in their savings account, they mean they have 5,000 units of the currency in question.
So, in money terms, "K" stands for thousand.
In financial contexts, "K" is often used as an abbreviation for "kilo," which is a prefix in the metric system denoting a factor of a thousand. When it comes to money, "K" is commonly used to denote one thousand monetary units. For example, if someone says they have 5K in their savings account, they mean they have 5,000 units of the currency in question.
So, in money terms, "K" stands for thousand.
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Studied at Harvard University, Lives in Cambridge, MA
K is short for kilo, which means (in base 10) one thousand. However K can also stand for kilobit or kilobyte, in which case it stands for 2 to the power of 10, or 1024.
2023-04-12 07:56:56
Liam Turner
QuesHub.com delivers expert answers and knowledge to you.
K is short for kilo, which means (in base 10) one thousand. However K can also stand for kilobit or kilobyte, in which case it stands for 2 to the power of 10, or 1024.
