Expert: Ahmed Salami - 2/2/2010

Question
QUESTION: Hello:

How do 34.5 mills become $0.0345, and how do the mills convert into dollars?

I thank you for your reply.

ANSWER: Hi Kenneth,
Simply divide by 1000.

Regards

---------- FOLLOW-UP ----------

QUESTION: Hello:

Thanks for the reply, but it does not answer my question.

Why is the answer in dollars and not mills? Feel free to elaborate on your answer.

Answer
Hi Kenneth,
1 mill is equivalent to 1/1000 of a dollar.
The answer is obviously in dollars because you're converting to dollars, what would be the point of converting from mills to mills???

Here's for further reading;
http://en.wikipedia.org/wiki/Mill_(currency)

Regards