QuesHub > > > > ASK DETAIL

What does 1k stand for in money?

Isabella Carter | 2023-04-07 08:03:25 | page views:1226
I'll answer
Earn 20 gold coins for an accepted answer.20 Earn 20 gold coins for an accepted answer.
40more

Ethan Rivera

Works at the International Atomic Energy Agency, Lives in Vienna, Austria.
As a financial expert with a deep understanding of monetary terms and their colloquial usage, I can tell you that "1k" is a common shorthand for one thousand in the context of money. It's derived from the prefix "kilo-" which means a thousand in the metric system. This abbreviation is often used in financial discussions, especially in digital platforms where space is limited or brevity is preferred.


Zoe Peterson

Studied at University of Edinburgh, Lives in Edinburgh, UK
When talking about money, the letter K after a number denotes thousands. 1K means Rs. 1,000 while 100K stands for Rs.100,000. Both uppercase and lowercase K's are generally accepted and recognized.
2023-04-16 08:03:25

Jackson Cooper

QuesHub.com delivers expert answers and knowledge to you.
When talking about money, the letter K after a number denotes thousands. 1K means Rs. 1,000 while 100K stands for Rs.100,000. Both uppercase and lowercase K's are generally accepted and recognized.
ask:3,asku:1,askr:137,askz:21,askd:152,RedisW:0askR:3,askD:0 mz:hit,askU:0,askT:0askA:4