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Understand American Money

The American money system is logical and very easy to use. It is based on the dollar ($1.00), on which all cash and coins are dependent. There are 100 cents in a dollar. Coins are parts of one dollar, for example: a quarter ($0.25) is 1/4 of a dollar, a dime ($0.10) is 1/10th of a dollar, and so forth. Paper bills are multiples of a dollar: for example, a $5 bill. US Paper Currency The twenty, ten, five, and one are the most frequently used bills.

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