Search results
Results from the WOW.Com Content Network
The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
Examples of currencies around the world featuring centesimal (1 ⁄ 100) units called cent, or related words from the same root such as céntimo, centésimo, centavo or sen, are: Argentine peso (as centavo) Aruban florin, but all circulating coins are in multiples of 5 cents. Australian dollar, but all circulating coins are in multiples of 5 cents.
Unrelated to specific coins, the name of the thaler survives in various modern currency names, in the form dollar in twenty-three currencies used in countries including Australia, Canada, Hong Kong, New Zealand and the United States of America, and also in the Samoan tālā and the Slovenian tolar (before adoption of the euro).
For example, a gasoline price of $3.019 per gallon, if pronounced in full, would be "three dollars [and] one and nine-tenths cents" or "three <point> zero-one-nine dollars". Discount coupons, such as those for grocery items, usually include in their fine print a statement such as "Cash value less than 1 ⁄ 10 of 1 cent". There are also common ...
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
So, for the EUR/USD pair, multiply a lot size of, say, 10,000 euros by .0001. The pip value is $1. Having 10,000 euros bought against the dollar at 1.1055 and sold at 1.1065, gives a profit of 10 pips or $10. If the U.S. dollar is the base currency (the first of the pair), such as with the USD/EUR pair, the pip value involves the exchange rate.
One dollar is normally divided into subsidiary currency of 100 cents, so a quarter dollar is equal to 25 cents. These quarter dollars (aka quarters) are denominated as either coins or as banknotes. Although more than a dozen countries have their own unique dollar currency, not all of them use quarters. This article only includes quarters that ...
Each currency typically has a main currency unit (the dollar, for example, or the euro) and a fractional unit, often defined as 1 ⁄ 100 of the main unit: 100 cents = 1 dollar, 100 centimes = 1 franc, 100 pence = 1 pound, although units of 1 ⁄ 10 or 1 ⁄ 1000 occasionally also occur.