Last modified on June 28, 2016, at 13:57

Dollar

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Silver-backed U.S. five-Dollar bill

A Dollar is a basic unit of currency in several countries. This currency was originally based on precious metals, but is no longer so. For this reason it is now known as a fiat currency.

Cents

For precise payments, dollars are broken down into cents. One dollar is equivalent to 100 cents, so one cent is 1% of a dollar. For further simplification, coins valuing multiple cents are also available, so that paying with literal handfuls of pennies is not necessary.

Denomination Dollar Half-Dollar Quarter Dime Nickel Penny
Cent Value 100 50 25 10 5 1


See also

External links