Search Results - United States dollar
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The United States dollar ( sign $; code USD) is the unit of currency of the United States. The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents (200 half-cents prior to 1857). The U.S. dollar is the currency most used in international transactions.[1] Several countries use it as their official currency, and in many others it is the de facto currency.[2] The U.S. dollar bill uses the decimal system, consisting of 100 equal cents (symbol ¢). In another division, there are 1,000 mills or ten dimes to a dollar, or 4 quarters to a dollar. 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 10¢, while "eagle" and "mill" are largely unknown to the general public, though mills are sometimes used in matters of tax levies and gasoline prices. 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 $100 as legal tender, but worth far more as bullion). 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 $20 (known as the "double eagle," discontinued in the 1930s). The term eagle was used in the Coinage Act of 1792 for the denomination of ten dollars, and subsequently was used in naming gold coins. In 1854, James Guthrie, then Secretary of the Treasury, proposed creating $100, $50 and $25 gold coins, which were referred to as a "Union," "Half Union," and "Quarter Union,"[3] thus implying a denomination of 1 Union = $100. Today, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber.
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Showing 1 to 6 of 6 Articles matching 'United States dollar' in related articles. |
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1. When Will the Economic Recession End?
November 05, 2009
Dewitt, NY – November 3, 2009: The U.S. recession is expected to last into late 2009 or early 2010. Most of the economies of the world are sharing the pain, which, for some reason, makes some people feel better. In reality, though, this hurts the United States, as exports dry up despite the relative weakness of the dollar.
“There were a number of well-intentioned folks who talked about a V-shaped recovery beginning in mid-2009,” says economist Alan Beaulieu of the Institute for Trend Research. “You may have noticed that it did not happen. There has also been discussion that the recovery i... (read more)
Author: Data Key Communications LLC
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2. Loonie Strength Enough to Buy U.S. Stocks: Take the Unfamiliar Gamble
October 27, 2009
As human beings, we are wired to feel more comfortable with what is familiar. Residents of Ottawa root for the Senators, and residents of Toronto root for the Leafs. If you are lucky enough to have a job in this economy, your lone investment holding is more than likely company stock. This is because local teams and your employer are familiar to you.
When people are presented with two options, and one choice is more familiar to them than the other, they will prefer the more familiar selection. Even when betting, gamblers will often wager on the more familiar choice even if the odds of winn... (read more)
Author: Mark Ripple
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3. Covering the Basics of the Forex Market
October 22, 2009
The foreign exchange, or forex, market is relatively young, having begun in the early 1970s after the United States dropped the gold standard and national currencies started to fluctuate widely. For about 30 years prior to that, most nations had agreed to keep their currency values stable in relation to the U.S. dollar, making a forex market unnecessary. With that no longer the case, banks quickly realized that a profit could be made in "buying" currency when it was devalued and "selling" it after it strengthened, just like any other commodity.
Today, the forex market handles about $1.9 ... (read more)
Author: Nita Macky
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4. Women Around The Country Can't Thank The President Enough For His $10,000 Scholarship Program!
October 21, 2009
Finally, thanks to President Obama, women will get the chance to get a nice sized scholarship to be able to obtain a higher education. Many single parent mothers are stuck in a dead end job because they were not able to get a higher education. However, now a lot of women are getting a second chance in life with Obama's ten thousand dollar scholarship program.
At last single mothers all over the United States of America will finally have the help they need to return to college. Some may even be able to go for the first time. This will allow women to get that degree they need so desperately ... (read more)
Author: Lindsy Emery
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5. US Renews Call on Guinean Junta to Step Aside
October 14, 2009
The United States is renewing its call on Guinea's ruling junta to yield power to an elected government, and it is indirectly scolding China for reportedly reaching a multi-billion-dollar mining deal with the authorities in Conakry. Guinea's military leader Captain Moussa Dadis Camara speaks to the media, 02 Oct 2009The Guinean junta led by Captain Moussa Dadis Camara has come under intense international criticism after troops, including elite presidential guards, opened fire on demonstrators in the capital's main stadium September 28. Local human rights groups say more than 150 people we... (read more)
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6. Global Game of Chicken?
October 08, 2009
Well it looks like the cars are speeding up. Like a scene from a James Dean movie, the global game of chicken that has been taking place between the United States and China and the rest of the world is starting to heat up. Just yesterday an article from the UK Independent by a credible author claimed that secret meetings have been taking place to effectively end the US dollar as the currency of choice for crude oil trading, thereby weakening its position as the world’s reserve currency. While nobody is happy about the decline in the value of the US dollar, this is nothing new. I wrote abo... (read more)
Author: Sean Hyman
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