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A bit is an antiquated term equal to one eighth of a dollar or 12 + 1 ⁄ 2 cents, after the Spanish 8-Real "piece of eight" coin on which the U.S. dollar was initially based. So "two bits" is twenty-five cents; similarly, "four bits" is fifty cents. More rare are "six bits" (75 cents) and "eight bits" meaning a dollar.
In 1904, two new currency denominations were introduced: the bit and francs which were overlaid on the old cent and daler denominations. The four units were related as 5 bits = 1 cent, 100 bits = 20 cents = 1 franc, 100 cents = 5 francs = 1 daler. [6] Coins were issued each denominated in two units, bits and cents, francs and cents, or francs ...
The United States 10,000-dollar bill (US$10000) (1878–1934) is an obsolete denomination of the United States dollar. The $10,000 note was the highest denomination of US currency to be used by the public and was no longer issued after 1969. These notes are still legal tender, and thus banks will redeem them for face value.
Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina, authorized by legislation dated May 10, 1780. [3]
Benzinga 10 hours ago AT&T Q4 Earnings: Revenue And EPS Beat, 307K Fiber Adds, Projects Mid-Teens Broadband Growth in 2025. On Monday, AT&T Inc (NYSE:T) reported fourth-quarter 2024 operating ...
Warren Buffett once explained what he'd do to turn $10K into a huge fortune if he were a new investor today — here are 3 of his simple strategies that can still hold up in 2025
In athletics, 10,000 meters, 10 kilometers, 10 km, or 10K (6.2 miles) is the final standard track event in a long-distance track event and a distance in other racing events such as running, cycling, and skiing. In bicycle racing, annual Tour of 10,000 Lakes Stage Race in Minneapolis. [29]
The quarter dollar coin is known as two bits, alluding the dollar's origins as the "piece of eight" (bits or reales). [19] The $1 bill is nicknamed buck or single. The infrequently-used $2 bill is sometimes called deuce, Tom, or Jefferson (after Thomas Jefferson). The $5 bill is sometimes called Lincoln (after Abraham Lincoln), fin, fiver, or ...