The liter is the base unit for volume in the metric system. The symbol usually used for liter is an upper case L. AnswerParty for now!
Systems of units
The metric system is an internationally agreed decimal system of measurement that was originally based on the mètre des Archives and the kilogramme des Archives introduced by France in 1799. Over the years, the definitions of the metre and kilogram have been refined and the metric system has been extended to incorporate many more units. Although a number of variants of the metric system emerged in the late nineteenth and early twentieth centuries, the term is now often used as a synonym for "SI" or the "International System of Units"—the official system of measurement in almost every country in the world.
The metric system has been officially sanctioned for use in the United States since 1866, but it remains the only industrialised country that has not adopted the metric system as its official system of measurement. Many sources also cite Liberia and Burma as the only other countries not to have done so. Although the United Kingdom uses the metric system for most official purposes, the use of the imperial system of measure, particularly in unregulated sectors such as journalism, is widespread.
Metrication in the United States
A system of measurement is a set of units which can be used to specify anything which can be measured and were historically important, regulated and defined because of trade and internal commerce. In modern systems of measurement, some quantities are designated as fundamental units, meaning all other needed units can be derived from them, whereas in the early and most historic eras, the units were given by fiat (see statutory law) by the ruling entities and were not necessarily well inter-related or self-consistent.
Metrication is the process of introducing the International System of Units (abbreviated SI for Système international d'unités), the metric system of measurement, to replace the traditional or customary units of measurement of a country or region. Although all U.S. customary units have been redefined in terms of SI units, the United States does not commonly mandate the use of SI, making it, according to the CIA Factbook, one of three countries that has not adopted the International System of Units (SI) metric system as their official system of weights and measures, along with Burma (Myanmar) and Liberia.
Finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.