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International commerce (as well as population figures) has almost universally adopted the "short scale", in which named numbers increase by a factor of one thousand instead of one million. In the "long scale" terms such as "milliard" and "billiard" were used for the intermediate factors of one thousand. Short scale : one billion = one thousand million (109) Long scale : one billion = one million million (1012

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Q: Does a billion equal a thousand million or a million million when talking about population and financial matters across the world?
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