However, monetary amounts counted in bits were only ever given in multiples of two, as in two bits and six bits.Įrror message | View complete answer on What does two bits mean in money? It’s based on the sense of the word bit that refers to one eighth of a U.S. What does two bits mean? Two bits is an old slang term for 25 cents. : cheap or trivial of its kind : petty, small-time.Įrror message | View complete answer on Why is it called two bits?Įrror message | View complete answer on What does 2 bits mean?
The half dollar was worth four bits and so on.Įrror message | View complete answer on What is meant by 2 bit?Īdjective. When the United States coined the quarter, it was worth twenty five cents, or two bits. The coin could actually be cut into eight pie-shaped pieces called “bits.” Each bit was worth twelve and a half cents in US currency. When it comes to two bits, the quarter-dollar stands for the required amount.Įrror message | View complete answer on How much is 4 bits in cash? The supposed value of the bit is twelve and a half cents, eight to the dollar. Because there was no one-bit coin, a dime (10c) was sometimes called a short bit and 15c a long bit.Įrror message | View complete answer on How many bits are in a dollar? Thus, twenty-five cents was dubbed “two bits,” as it was a quarter of a Spanish dollar. Spanish dollars were deemed equivalent in value to a U.S.
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