ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -One dollar equals 100 cents. Dollars are in paper notes called bills and come in $100, $50, $20, $10, $5 and $1. Cents come in coins. If you’d like to sound like a true American, these coins are called a quarter (25 cents), a dime (10 cents), a nickel (5 cents) and a penny (1 cent).

Detailed explanation-2: -A cent is 1/100 of a dollar-in other words, there are 100 cents in a dollar.

Detailed explanation-3: -: expressed or expressible in money : measurable in or calculated hardheadedly in terms of money value exclusively or in exact amount of money. from the dollars-and-cents approach.

Detailed explanation-4: -In addition to five U.S. territories, 11 countries adopted the U.S. dollar as their official currency: Ecuador, El Salvador, Zimbabwe, The British Virgin Islands, The Turks and Caicos, Timor and Leste, Bonaire, Micronesia, Palau, Marshall Islands, and Panama.

Detailed explanation-5: -One dollar ($1) is normally divided into subsidiary currency of 100 cents, so a half dollar is equal to 50 cents. These half dollars (aka 50 cent pieces) are denominated as either Coins or as banknotes.