Dollar

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[edit]

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.

See also[edit]

• Australian dollar
• Canadian dollar
• Dollar (U.S.)

External links[edit]

• "Purchasing Power of Money in the United States from 1774 to 2008", translates the value of a dollar in one year to the value today or any year
• History of the Dollar Bill