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Not if you use multiplication and floats.

We certainly cannot use it for money, for example. Most shops I know of have fancy decimal libraries they never get to use because an unsigned long unit of centicents is simpler, predictable and easy to encode and assume client software will have the same rounding strategy.

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Fixed point isn't any better than floating point.

If anything errors in floating point numbers are graceful and give you a lot of leeway before they become catastrophic. Fixed point works until you hit 2(n-1) bits then probably breaks unexpectedly. Where n is the last exponent you have seen in business.

Fixed point libraries tend to be better because good ones can cleanly identify when they're unable to continue and often tell you why.

Floating point libraries can't even do this.

Just like the variation in the output voltage of a pin might be amplified by an op-amp. These things are taken into account by engineers, it's their duty to mathematically prove they're not an issue and fix it if it is.

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