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What does 1k stand for in money?
Questioner：Benjamin Smith 2023-04-07 08:03:25
The most authoritative answer in 2024
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Charlotte Anderson——Studied at the University of Zurich, Lives in Zurich, Switzerland.
As a financial expert with a deep understanding of monetary terms and their colloquial usage, I can tell you that "1k" is a common shorthand for one thousand in the context of money. It's derived from the prefix "kilo-" which means a thousand in the metric system. This abbreviation is often used in financial discussions, especially in digital platforms where space is limited or brevity is preferred.
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Taylor Gonzales——Studied at the University of Geneva, Lives in Geneva, Switzerland.
When talking about money, the letter K after a number denotes thousands. 1K means Rs. 1,000 while 100K stands for Rs.100,000. Both uppercase and lowercase K's are generally accepted and recognized.read more >>+119962023-04-13 08:03:25
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