In the past, there were repeated disputes between banks and customers over the rounding up of (invoice) amounts. Today, the so-called half-adjust procedure has been introduced internationally. This is a method of rounding in which the digit of a number with the lowest significance determines whether or not a one is to be added to the digit with the next highest significance, or in which the two digits with the lowest significance determine whether or not a one is to be added to the digit with the next highest significance. If the digit with the lowest value is lower than one and a half, nothing is added to the digit with the next higher value. If the digit with the lowest value is one and a half or more, then one is added to the digit with the next higher value. Computer programs are nowadays adjusted to the half-adjust procedure worldwide. – With regard to euro coins, the decision as to whether small denomination coins should be withdrawn from circulation. First of all, the 1-cent and 2-cent coins are under scrutiny: people in the euro zone are supposed to have „difficulties“ with these. – Cf. Deutsche Bundesbank Monthly Report of January 2013, p. 37 et seq. (survey on „difficulties“; advantages and disadvantages of rounding; EU Parliament’s request to the Commission to introduce a rounding rule).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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