The United States dollar, also known as the American dollar, is the official currency of the United States. It is divided into 100 cents. The dollar is one of the most widely traded currencies in the world. It is used as a reserve currency by many countries. The US dollar is issued by the Federal Reserve, the central bank of the United States
VOCABULARY:
1. Coin: a small flat disc used as money.
2. Banknote: a printed note used as money.
3. Currency: the money used in a particular country.
4. Denomination: the value of a coin or banknote.
PAPER MONEY:
American paper currency comes 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. But they are still legal tender and may still be in circulation.
The U.S. Bureau of Engraving and Printing creates U.S. paper currency.
U.S. currency is used as a medium of exchange and store of value around the world. According to the Federal Reserve, there is more than $2 trillion worth of Federal Reserve notes in circulation.
U.S. COINS:
United States coins denominations include 1¢, 5¢, 10¢, 25¢, 50¢, and $1. Learn about U.S. coins, how they are made, and their history from the U.S. Mint.
QUESTIONS:
Q: What is the largest denomination of US currency?
A: The largest denomination of US currency is the $100 bill.
Q: What is the smallest denomination of US currency?
A: The smallest denomination of US currency is the penny (1 cent).
Q: How many cents are in a dollar?
A: There are 100 cents in a dollar.
SPEAKING:
1. Can you break a $20?
(Can you change a $20 bill into smaller bills?)
2. Do you have any change?
(Do you have any coins or smaller bills?)
3. How much does it cost?
(What is the price of something?)
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