I want to know the specific term or name for an amount of 0.1 dollars. Is it referred to as a dime, a cent, or something else entirely? I'm curious about the correct terminology for this fractional monetary unit.
6 answers
Tommaso
Sat Dec 28 2024
The monetary system in the United States employs a decimal-based structure.
Margherita
Sat Dec 28 2024
Specifically, 1 dollar is subdivided into 100 cents.
TaegeukChampionCourageousHeartWarrior
Sat Dec 28 2024
This means that each individual cent represents a fractional value of the dollar.
Carolina
Sat Dec 28 2024
To elaborate, 1 cent is equivalent to 0.01 dollars.
HanRiverVisionary
Fri Dec 27 2024
Additionally, coins such as nickels and dimes are also used in this system.