I'm trying to understand the monetary value of 1 cent. Specifically, I want to know how it translates to dollars. Is it a fraction of a dollar, or does it have some other representation? I'm just looking for a clear explanation.
6 answers
Valentina
Wed Nov 20 2024
The United States currency system operates on a simple yet effective principle.
SsangyongSpirited
Tue Nov 19 2024
It recognizes two primary denominations: cents and dollars.
Carlo
Tue Nov 19 2024
This means that a cent represents one-hundredth of a dollar.
GeishaWhisper
Tue Nov 19 2024
The conversion rate between these denominations is straightforward.
Raffaele
Tue Nov 19 2024
Specifically, 1 dollar is equivalent to 100 cents.