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Originally Posted by T.H.E. Binz
While M, indeed, stands for a thousand and an M with a line over the top (unable to type this here) stands for a million, it seems like the conventional way to describe these figures is now "K" for a thousand and "M" for a million. This is a mixture of the Metric system and Roman numerals, but since there were no typewriters that could put a bar over the top of the M I suppose this could be the origin.
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Not to belabor the "M" issue, but I spent my career in the banking business and in finance "M" indicates thousands and "MM" indicates millions. Strange, but I never did learn the correct designation for "gazillion". Maybe "GZ"?
