Dollar ($)

 

The Dollar ($) is a widely used currency in multiple countries, but the most well-known is the United States Dollar (USD). It is the official currency of the United States and is also used as a global reserve currency for international trade and finance.

Key Facts About the U.S. Dollar (USD):

✅ Issued by: The Federal Reserve (U.S. central bank)
✅ Symbol: $ (e.g., $1, $100)
✅ Code: USD
✅ Subunit: 1 Dollar = 100 Cents
✅ Most Traded Currency in the world

Uses of the Dollar:

• Everyday Transactions (buying goods and services)
• International Trade (used as the global standard)
• Foreign Reserves (many countries hold USD for stability)
• Investment & Stock Market (used in global financial markets)

Other Types of Dollars:

Besides the U.S. Dollar (USD), other countries also use the "Dollar" as their currency, such as:

• Canadian Dollar (CAD)
• Australian Dollar (AUD)
• Singapore Dollar (SGD)
• Hong Kong Dollar (HKD)