How do CSV and API monetary formats differ?

The distinction between CSV and API monetary formats primarily revolves around how they represent currency values. In the case of option C, it's accurate that CSV typically uses decimals to represent amounts in a human-readable format, which is common in financial data for clarity when reading reports or spreadsheet data. This means that you might see values like "10.50" for ten dollars and fifty cents.

On the other hand, when working with APIs, especially in payment processing systems like Stripe, monetary values are often represented in minor units (such as cents for USD). This approach avoids ambiguity in transactions and ensures precision in financial calculations. For example, instead of sending "10.50" to represent ten dollars and fifty cents, the API would represent this as "1050" in minor units (i.e., 1050 cents), which helps prevent issues related to floating-point arithmetic in programming.

Understanding this distinction is crucial when interacting with different formats, as it ensures data is handled correctly, preventing potential errors in financial transactions and reporting.