Debit and credit cards are used all over the USA for payments; still, it\’s good to have a little cash in your wallet just in case. If you go to concerts, street fairs, small businesses, or rent a car, using your card may be inconvenient or might not be possible sometimes. That\’s why it will be better to know your cents from your dollars.
Cents and Dollars:-
American currency is based upon a decimal system, e.g., 100 one-cent coins make one dollar. Coins are used for the lower-value amounts and bills for the higher-value amounts. In the USA, they have one-cent, five-cent, ten-cent, and twenty-five-cent coins. Surprisingly, there are some one-dollar coins, but it\’s rare to come by and more of a collector\’s item.
Here is a list of coins with their corresponding name:-
- One cent coin: Penny
- Five-cent coin: Nickel
- Ten-cent coin: Dime
- Twenty-five cent coin: Quarter
Bills typically range from one dollar to a hundred dollars in value. There can be one-dollar, five dollars, ten dollars, twenty dollars, fifty-dollar, and hundred-dollar bills.
Most fast-food restaurants and small businesses might not accept bills above twenty dollars since they might not have enough money in the register to make a change.
Let’s talk money
There are a lot of different slang and phrases prevalent in the USA for money. For example, you can hear them referring to money as \”cash,\” \” bucks,\” \” paper,\” bacon, and sometimes even cheddar.
A few of the bills have nicknames associated with their President. For example, Benjamin Franklin is on the 100-dollar bill, so some people refer to it as \’Benjamin\’s.
Popular Money phrases:
- Bring home the bacon– working and bringing the money to your family.
- Make it rain– spend a lot of money.
- Burning a hole in one\’s pocket-wanting to spend some money soon.
- Put your money where your mouth is– Put your words into action.
USA Dollars Abroad?
The US dollar is used all over the world and as well as in USA territories. That means you can use dollars in Puerto Rico, the US Virgin Islands, Northern Marina Islands, Guam, and American Samoa.