Cryptocurrency Q&A Why is $1000 called k?

Why is $1000 called k?

Nicolo Nicolo Thu Mar 13 2025 | 5 answers 1123
I don't understand this question. Could you please assist me in answering it? Why is $1000 called k?

5 answers

Carlo Carlo Sat Mar 15 2025
Similarly, the Greeks employed the letter M to denote a million. M stands for Mega, a term derived from the Greek language that signifies a large quantity, specifically one million.

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Leonardo Leonardo Sat Mar 15 2025
Consistency in using Greek abbreviations leads us to the next logical step. If we follow this pattern, the term for billion in Greek abbreviations would be G.

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SumoHonorable SumoHonorable Sat Mar 15 2025
You would indeed be accurate in your assumption, with the credit going to the Greeks.

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SsangyongSpiritedStrengthCourageBravery SsangyongSpiritedStrengthCourageBravery Sat Mar 15 2025
G represents Giga in the Greek numeral system, which corresponds to one billion. This abbreviation aligns with the established Greek trend of utilizing letters to signify large numerical values.

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Chiara Chiara Sat Mar 15 2025
The letter K originates from the Greek term kilo, which translates to a thousand. This abbreviation is widely used across various contexts to represent the number one thousand.

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