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Two bits meaning money
Two bits meaning money












two bits meaning money

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?

two bits meaning money

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.














Two bits meaning money