trillion (billion)

Within the global financial world still a difficulty. – In Northern and Central Europe usually: million times million, i.e. 1,000 billion = 1012 – In the USA and France: thousand times million, i.e. one billion = 109 – When referring to numbers, always pay extremely close attention to which numeration is meant. – See base point.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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