BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The largest denomination of paper currency in the United States today is the:
A
one hundred dollar note
B
five hundred dollar note
C
one thousand dollar note
D
ten thousand dollar note
Explanation: 

Detailed explanation-1: -The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the larger denominations of $500, $1, 000, $5, 000, and $10, 000 were retired. As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.

Detailed explanation-2: -American paper currency come in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1, 000, $5, 000, and $10, 000 bills.

Detailed explanation-3: -"C-note” is a slang term for a $100 banknote in U.S. currency. The “C” in C-note refers to the Roman numeral for 100, which was printed on $100 bills, and it can also refer to a century.

Detailed explanation-4: -The $100 note features a portrait of Benjamin Franklin on the front of the note and a vignette of Independence Hall on the back of the note.

Detailed explanation-5: -There are 100 $100 bills in $10, 000. 100. To work this out divide 10, 000 by 100. The answer is there are 100 x $100 in $10, 000 dollars.

There is 1 question to complete.