What is Dollar? Definition, Example, Facts (2024)

FAQs

What is the simple definition of dollar? ›

1. countable noun. The dollar is the unit of money used in the USA, Canada, Australia, and some other countries. It is represented by the symbol $. A dollar is divided into one hundred smaller units called cents.

To write an amount in dollars, first write the country symbol (US) followed by the dollar sign ( ) and then the dollar figure. For example, US 25.99. American bills or paper currency comes in seven denominations: 1, 2, 5, 10, 20, 50, and 100. 1 dollar = 100 cents, so 1 cent is equal to 0.01 dollars.

Federal Reserve notes are a blend of 25 percent linen and 75 percent cotton. Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed throughout the paper. It would take 4,000 double folds, forwards and backwards, to tear a banknote.

The USD (United States dollar) is the official currency of the United States of America. The United States dollar, or U.S. dollar, is made up of 100 cents. It is represented by the symbol $ or US$ to differentiate it from other dollar-based currencies.

'Dollar' is an anglicized form of 'thaler' , the name given to coins first minted in 1519 from silver mined locally in Joachimsthal in Bohemia. Today the town of Jáchymov lies within the borders of the Czech Republic. 'Thaler' is a shortened form of 'Joachimsthaler', the original term of the coin.

The dollar is the United States' 100-cent coin. It takes 100 pennies to equal a dollar! It is the basic unit of money in the U.S., whether in the form of paper money or a coin.

Examples of dollar in a Sentence

She had to pay hundreds of dollars in auto repairs. She put a wrinkled dollar down on the counter. The dollar dropped sharply against the pound. the strength of the dollar The dollar is worth more in Mexico.

Relationship between Dime and Dollar

A dime is worth ¢ , which can also be written as 0.10. Therefore, 10 dimes are worth the same as 1 dollar.

The dollar's value comes from the US' position as a critical global economic power and the country's political and economic stability. While it may hold less value than such currencies as the Swiss franc or the British pound, the dollar's global use makes it a more commercially viable currency.

Answer: 100 pennies, 20 nickels, 10 dimes, or 4 quarters; each = 1 dollar. Can you make a dollar using only 7 coins?

What is the definition of a dollar? ›

A dollar is a unit of currency or money. The United States, Canada, and Australia all use the dollar. The symbol for a dollar is $. If you say someone worships the all mighty dollar, that means they're greedy. A dollar bill is the equivalent of 100 cents.

The word dollar is derived from Low Saxon cognate of the High German Thaler; the term had already been in common usage since the colonial period when it referred to eight-real coin (Spanish dollar) or the "Spanish milled dollar" issued by the Spanish from New Spain and used throughout the rest of the Americas.

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The word dollar has a definite and fixed meaning. [Footnote 1] A dollar, as used in the Constitution, is a Spanish Milled dollar coin, or its equivalent, in coin form, containing 371.25 grains of fine silver.

Since each nickel is worth five cents, it would take 20 nickels to equal one dollar. This is a great way for kids to practice counting by fives and understand the concept of multiplication. You can even challenge them to see how quickly they can count out 20 nickels.