You are working on a COBOL program that deals with financial transactions. Which COBOL data type would you choose to store currency amounts with two decimal places accurately?
- PIC S9(11)V9(2) COMP
- PIC S9(11)V9(2) COMP-3
- PIC S9(13)V9(2) COMP
- PIC S9(13)V9(2) COMP-3
The PIC S9(11)V9(2) COMP-3 data type in COBOL is suitable for storing currency amounts with two decimal places accurately. It represents a packed-decimal format, ensuring precise storage and manipulation of decimal values.
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