Which type of variable contains monetary values?

Which type of variable contains monetary values?

• A. Currency variable
• B. Date variable
• C. Nominal variable
• D. Interval variable

Answer: (A)

Monetary amounts are best stored as a currency variable because this type is specifically meant for money, including the currency unit and decimal places, and supports meaningful arithmetic and formatting for financial data. Under the hood it’s numeric, but the currency format ensures amounts are interpreted as money and reported consistently. Date variables are for calendar dates, not money. Nominal variables are categories with no natural order (like product type). Interval variables are numeric values with equal intervals but don't carry a currency meaning. So for money, the currency variable is the appropriate choice.

Monetary amounts are best stored as a currency variable because this type is specifically meant for money, including the currency unit and decimal places, and supports meaningful arithmetic and formatting for financial data. Under the hood it’s numeric, but the currency format ensures amounts are interpreted as money and reported consistently.

Date variables are for calendar dates, not money. Nominal variables are categories with no natural order (like product type). Interval variables are numeric values with equal intervals but don't carry a currency meaning. So for money, the currency variable is the appropriate choice.