Both are fine. You may also hear eleven hundred dollars, meaning $1100, or one thousand one hundred dollars.
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naotoshiQ1. Is it accepted usage in standard English (i.e. American or British English)?I can't speak for our British friends across the pond, but where I live, no one would say "one twenty" to denote "one hundred and twenty". I would sooner understand it as "1.20".
naotoshiQ2. Is it a prevalent form in Indian English? Do you know of a
AnonymousBoth are fine.Anon, do you think that "there were one twenty people there" is fine? I don't think so.
XerxesI can't speak for our British friends across the pond, but where I live, no one would say "one twenty" to denote "one hundred and twenty". I would sooner understand it as "1.20".It's the same for us Brits.