In COBOL, which data type is often used for representing monetary values?
- PIC 9
- PIC 9(3) USAGE IS MONEY
- PIC S9(5)V99 COMP-3
- PIC X
The COBOL data type PIC S9(5)V99 COMP-3 is commonly used for representing monetary values. It is a packed-decimal format that efficiently stores decimal numbers, making it suitable for financial calculations.
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