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In monetary phrases, “K” is definitely an abbreviation that represents “thousand”. It is actually derived with the metric prefix “kilo-” which means just one thousand.
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When Utilized in economic language, the definition of K is “thousand”. It really is used to stand for a significant sum of money that is during the countless numbers.
The U.S. dollar would be the forex most Employed in international transactions. Quite a few international locations utilize the U.S. dollar as their Formal currency, and many Many others permit it for use inside of a de facto capacity. It's recognized regionally like a buck or greenback. USD Exchange Prices Federal Reserve Lender
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It is a simple and extensively recognized abbreviation that represents a thousand dollars. Remember to often use “K” once the variety and never ahead of, therefore you’ll have the capacity to use this shorthand with confidence.
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