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Message:: [QUOTE="ErolGarip, post: 2849736, member: 88736"]The word "standard" may mean different in different fields. For example, in social life, it can be a thing considered by "general consent" or by "commonly accepted". With this definition, "dollar" too is a standard as "commonly accepted", but, technically, "dollar" is not a standard. In the technical fields, standard is a reference thing related to the accuracy and it is about the "unit". So, lets use the word "unit" here, not to get confused with different meanings of the word "standard". Mathematically, the unit of money is the "indivisible" entity. So, before 1856, there was "Halfcent", or, as you wrote, "1/2 cent". Here, you divided 1cent by 2. But, the "unit" is indivisible". So, before 1856, 1cent was NOT "unit". Then, the "unit" was "1/2cent", lets rename it "Halfcent", even better, say, "Hacent", not to get confused. After phasing 1/2cent out in 1857, 1cent became "unit" as it became indivisible as there was no "Hacent" anymore. The "unit" in money is simply that: the smallest number you can see in a money account.It cannot be less than 1cent today even if there is no its physical coin, like it is in Israel today where there is 1agora in the accounts, but, there is no 1agora coin there. Still, the "unit" of money there is 1agora. Problem in the US and in many places is that: Many people don't know or are confused about the unit of money. In many places, physical coin corresponding to the "unit" of money does not exist, phased out due to inflations etc. In the US, 1cent coin exists, but, people do not have it in their pocket. Due to its existence of 1cent coin in the US, error correction can be made easier in the US. However, it seems that people there are not seeing any error about 1cent there, so, before "error correction", our work now is "error determination". First question: Is there any error about 1cent in the US? (This is hardest question to be answered, for the US.)If no, close this thread... If yes, Next question: What is the error? (Answers to this question is "error determination".) Last question: How can that error be corrected? (This is simple for the US.)[/QUOTE]

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