If you use Rails time zones , you will save the identifier associated with this time zone. For example, Eastern Time (US and Canada). However, I do not recommend using Rails time zones for the reasons stated in the time zone quiz (below).
Instead, you should probably use tzinfo gem , which uses standardized time zones from IANA / Olson data. For example, "America / New_York."
A currency is best stored as a three-letter ISO 4217 currency code . For example, "USD" or "EUR".
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