Bits (Money)Date: 02/26/2001 at 17:58:32 From: privers Subject: Money In the cheer: Two bits, four bits, six bits, a dollar All for (school) Stand up and holler! what are bits? Date: 02/27/2001 at 10:15:44 From: Doctor Roy Subject: Re: Money Hello, Thanks for writing to Dr. Math. In the old days, a Spanish doubloon was worth enough so that people would often split it up into 8 pieces, called bits or pieces of 8. Similarly, the cheer refers to dividing a dollar up into 8 pieces, or bits. So, 2 bits would be 25 cents, and 4 bits would be 50 cents. I hope this helps. - Doctor Roy, The Math Forum http://mathforum.org/dr.math/ |
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