Decimal currencyDecimal currency
is a currency in which the sub-units of the basic unit of currency are divisable into the basic unit by a factor of ten; in practice this usually means that 100 of the sub-unit make up one of the basic unit. For example, 100 United States centss
make one dollar
, 100 British new pence
make one pound
, 100 European cents make one Euro
, and so forth.