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Oracle 10g introduces two new data types: BINARY_FLOAT and BINARY_DOUBLE. BINARY_FLOAT stores a single precision 32-bit floating point number; BINARY_DOUBLE stores a double precision 64-bit floating point number. These new data types are based on the IEEE (Institute for Electrical and Electronic Engineering) standard for binary floating-point arithmetic.
BINARY_FLOAT and BINARY_DOUBLE are intended to be complementary to the existing NUMBER type. BINARY_FLOAT and BINARY_DOUBLE offer the following benefits over NUMBER: