What data type best used for money - Mailing list pgsql-novice

From niccguard-dev@yahoo.com
Subject What data type best used for money
Date
Msg-id 377646.35562.qm@web57707.mail.re3.yahoo.com
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Responses Re: What data type best used for money  ("Phillip Smith" <phillip.smith@weatherbeeta.com.au>)
Re: What data type best used for money  (Jon Sime <jsime@mediamatters.org>)
List pgsql-novice
Creating a database where monetary values will be stored and of course retrieved with calculations.  What data types are best to use in this sort of environment?
 
money is limited in quantity
numeric - documentation states "arithmetic on numeric values is very slow compared to the integer types"
 
Just wanted to get some feedback on what seems to be the better way to go and 'why'.
 
Thanks,
 
Aaron

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