Now, please bear with me for a few mathematical facts before I show you this hilarious phone recording. I know being apt in mathematics since a young age means I don't have problem dealing with or visualising fractions and decimals. But I realise other people do so I want to lay out the fact first.
So, the last time I check this equation is true (as in factually true):
$1 = 100 cents
Let's introduce the decimal point just for the sake of it while keeping the same 'truth':
$1.00 = 100.00 cents
Then for argument sake, instead of a dollar on the left hand side of the equation I am going to make it one cent using dollar as the unit:
$0.01 = 1 cent
Still with me? Good. Now comes the crazy parts! Let's make the 1 cent a fifth smaller, like this:
$0.002 = 0.2 cents
Finally I hope if you have followed all of this so far you will agree that:
0.002 dollar is not the same as 0.002 cents
Ok, now listen to this phone conversation between a Verizon customer and the Customer Service representative. It's a bit long (nearly 23 minutes) but I think it's well worth your time.
The worst thing of this is that one of the CSR has the guts to say the difference between dollar and cent is, and I quote,
"I mean it's obviously a difference of opinion…"
And do visit VerizonMath blog and read more.