Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. The Hollywood Reporter is your source for breaking news about Hollywood and entertainment, including movies, TV, reviews and industry blogs. NCBI Bookshelf. A service of the National Library of Medicine, National Institutes of Health. Lounds Taylor J, Dove D, Veenstra-VanderWeele J, et al. Interventions. United States dollar - Wikipedia. United States dollar. ISO 4. 21. 7Code. USDNumber. 84. 0Exponent. Denominations. Superunit 1. Subunit 1⁄1. 0dime 1⁄1. Symbol$ cent¢ mill₥Nickname. List. Ace, bank, bean, bread, bill, bone, buck, C- note, cheddar, dead president, deuce, dinero, dub, ducat, doubloon, fin, fiver, frog, grand, greenback, large, moolah, paper, sawbuck, scratch, scrilla, simoleons, single, skins, smackeroo, smackers, spondulix, stack, Tom, and yard. Plural: dough, green, bread, bones, bucks, skrilla, clams. Based on denomination: Washingtons, Jeffersons, Lincolns, Hamiltons, Jacksons, Grants, and Benjamins[1]See also: peso in Puerto Rico, and piastre in Cajun Louisiana. Banknotes Freq. used$1, $5, $1. Rarely used$2. Coins Freq. Rarely used. 50¢Demographics. Official user(s) United States East Timor[2][Note 1] Ecuador[3][Note 2] El Salvador[4] Marshall Islands Federated States of Micronesia Palau Panama[Note 3] Zimbabwe[Note 4]Unofficial user(s)Issuance. Central bank. Federal Reserve System Websitewww. Printer. Bureau of Engraving and Printing Websitewww. Mint. United States Mint Websitewww. We provide excellent essay writing service 24/7. Enjoy proficient essay writing and custom writing services provided by professional academic writers. Valuation. Inflation. July 2. 01. 7) Sourceinflationdata. Method. CPIPegged by. The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U. S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution. For most practical purposes, it is divided into 1. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (1. U. S. C. § 4. 18). The U. S. dollar is commodity money of silver as enacted by the Coinage Act of 1. Since the currency is the most used in international transactions, it is the world's primary reserve currency.[9] Several countries use it as their official currency, and in many others it is the de facto currency.[1. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U. S. dollar coins (such as the Susan B. Anthony dollar). As of July 1. Federal Reserve notes (the remaining $4. Overview[edit]Article I, Section 8 of the U. S. Constitution provides that the Congress has the power "To coin money".[1. Laws implementing this power are currently codified at 3. U. S. C. § 5. 11. Section 5. 11. 2 prescribes the forms in which the United States dollars should be issued.[1. These coins are both designated in Section 5. The Sacagawea dollar is one example of the copper alloy dollar. The pure silver dollar is known as the American Silver Eagle. Section 5. 11. 2 also provides for the minting and issuance of other coins, which have values ranging from one cent to 1. These other coins are more fully described in Coins of the United States dollar. The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time".[1. That provision of the Constitution is made specific by Section 3. Title 3. 1 of the United States Code.[1. The sums of money reported in the "Statements" are currently being expressed in U. S. dollars (for example, see the 2. Financial Report of the United States Government).[1. The U. S. dollar may therefore be described as the unit of account of the United States. The word "dollar" is one of the words in the first paragraph of Section 9 of Article I of the Constitution. There, "dollars" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1. 79. 2 the U. S. Congress passed a Coinage Act. Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy- one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver". Section 2. 0 of the act provided, "That the money of account of the United States shall be expressed in dollars, or units.. United States shall be kept and had in conformity to this regulation". In other words, this act designated the United States dollar as the unit of currency of the United States. Unlike the Spanish milled dollar, the U. S. dollar is based upon a decimal system of values. In addition to the dollar the coinage act officially established monetary units of mill or one- thousandth of a dollar (symbol ₥), cent or one- hundredth of a dollar (symbol ¢), dime or one- tenth of a dollar, and eagle or ten dollars, with prescribed weights and composition of gold, silver, or copper for each. It was proposed in the mid- 1. However, only cents are in everyday use as divisions of the dollar; "dime" is used solely as the name of the coin with the value of 1. X. XX9 per gallon, e. When currently issued in circulating form, denominations equal to or less than a dollar are emitted as U. S. coins while denominations equal to or greater than a dollar are emitted as Federal Reserve notes (with the exception of gold, silver and platinum coins valued up to $1. Both one- dollar coins and notes are produced today, although the note form is significantly more common. In the past, "paper money" was occasionally issued in denominations less than a dollar (fractional currency) and gold coins were issued for circulation up to the value of $2. The term eagle was used in the Coinage Act of 1. Paper currency less than one dollar in denomination, known as "fractional currency", was also sometimes pejoratively referred to as "shinplasters". In 1. 85. 4, James Guthrie, then Secretary of the Treasury, proposed creating $1. Union", "Half Union", and "Quarter Union",[1. Union = $1. 00. Today, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U. S. coins are produced by the United States Mint. U. S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1. Federal Reserve. The "large- sized notes" issued before 1. When the current, smaller sized U. S. currency was introduced it was referred to as Philippine- sized currency because the Philippines had previously adopted the same size for its legal currency. Etymology[edit]In the 1. Count Hieronymus Schlick of Bohemia began minting coins known as Joachimstalers (from German thal, or nowadays usually Tal, "valley", cognate with "dale" in English), named for Joachimstal, the valley where the silver was mined (St. Joachim's Valley, now Jáchymov; then part of the Kingdom of Bohemia, now part of the Czech Republic).[1. Joachimstaler was later shortened to the German Taler, a word that eventually found its way into Danish and Swedish as daler, Norwegian as dalar and daler, Dutch as daler or daalder, Ethiopian as ታላሪ (talari), Hungarian as tallér, Italian as tallero, and English as dollar.[1. Alternatively, thaler is said to come from the German coin Guldengroschen ("great guilder", being of silver but equal in value to a gold guilder), minted from the silver from Joachimsthal. The coins minted at Joachimsthal soon lent their name to other coins of similar size and weight from other places. One such example, was a Dutch coin depicting a lion, hence its Dutch name leeuwendaler (in English: lion daler). The leeuwendaler was authorized to contain 4. It was lighter than the large- denomination coins then in circulation, thus it was more advantageous for a Dutch merchant to pay a foreign debt in leeuwendalers and it became the coin of choice for foreign trade. The leeuwendaler was popular in the Dutch East Indies and in the Dutch New Netherland Colony (New York), and circulated throughout the Thirteen Colonies during the 1. It was also popular throughout Eastern Europe, where it led to the current Romanian and Moldovan currency being called leu (literally "lion"). Among the English- speaking community, the coin came to be popularly known as lion dollar – and is the origin of the name dollar.[1. The modern American- English pronunciation of dollar is still remarkably close to the 1. Dutch pronunciation of daler.[2. By analogy with this lion dollar, Spanish pesos – with the same weight and shape as the lion dollar – came to be known as Spanish dollars.[2.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2017
Categories |