First Ruby WTF

Well I was reading through Chris Pine's Learn to Program and he made a curious statement about how money is handled when programming.

In practice, most programs don't use floats; only integers. (After all, no one wants to look at 7.4 emails, or browse 1.8 web pages, or listen to 5.24 of their favorite songs...) Floats are used more for academic purposes (physics experiments and such) and for 3D graphics. Even most money programs use integers; they just keep track of the number of pennies!

Now does anyone actually do this in the outside of the Ruby world?  When I use .NET I use an ORM and I map to the SQL money column type to a decimal.  I'm somewhat interested to see what ruby does in this situation.