Swedish rounding is rounding the basic cost of a purchase which is to be paid for in cash to the nearest multiple of the smallest denomination of currency. The term "Swedish rounding" is used mostly in Australia, where such a method has been practised since the 1990s.
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Famous quotes containing the word rounding:
“People forget that it is the eye that makes the horizon, and the rounding minds eye which makes this or that man a type or representative of humanity with the name of hero or saint.”
—Ralph Waldo Emerson (18031882)