Why is the double type not appropriate for financial calculations?
A)Roundoff errors occur when an exact representation of a floating point number is not possible.
B)The range is too small.
C)The calculations are too slow.
D)There are too few significant digits.

Question

Quizplus · Accepted Answer

Double type uses floating point representation which can lead to roundoff errors when dealing with financial calculations that require exact precision. It is recommended to use BigDecimal class which can handle arbitrary-precision signed decimal numbers.

Why Is the Double Type Not Appropriate for Financial Calculations