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yes.
Wiki User
∙ 12y ago
Denominations can matter in digital money in terms of usability and practicality. Denominations help facilitate transactions by providing standard units of value that people are familiar with. However, from a technological standpoint, digital money can be infinitely divisible, so denominations may not play as significant a role as they do with physical currency.
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Is legal tender the only use of money to buy things?
No, legal tender is not the only form of money that can be used to buy things. In addition to physical currency issued by governments, electronic money, such as bank deposits and credit cards, can also be used to make purchases. Digital currencies like Bitcoin are another form of money that can be used for transactions.
Can a creditor take money you win in a law suit for a injury case?
Yes, a creditor may be able to garnish the funds you win in a lawsuit for an injury case if you owe them money. It is important to consult with a legal professional to understand your rights and options in such a situation.
In the 1800s laws were most likely to favor members of which religion?
In the 1800s, laws in many Western countries were more likely to favor members of the Christian religion, particularly Protestant denominations. Discrimination against religious minorities, such as Catholics and Jews, was common during this time period.
How much money legally have at home?
The amount of money you can legally have at home varies by country, but generally there is no limit on the amount of money you can keep at home. However, carrying or keeping very large amounts of cash may raise suspicions of money laundering or tax evasion. It is always recommended to keep your money in a secure location such as a bank account.
What is the Punishment for money laundering?
Depends on how much money, and how you stole it. Typcial punishments are fines, jail time, community service, probation. For large amounts of money, or money taken by force (robbery) punishment can be years in prison.
Does digital wallet and digital money has the same meaning?
No, digital money is spendable (you can not spend a wallet), while the digital wallet is a device in/on which you store your digital money. The device will 'hold' your 'digital cash balance' and reduce this as you spend the digital money, safely communicating with the vendors system to increase the amounts in their 'till' as you spend.
What type of money is transferred electronically?
Digital Money
What denominations does paper money come in?
Paper money typically comes in denominations ranging from $1 to $100 in the United States. Other countries may have different denominations for their paper currency, depending on their currency system and value of their currency.
What do professionals prefer digital or film cameras?
Digital - time is money.
What denominations of us money has not been printed since 1946?
2 dollar bill
What is a form of fiat money that is a commonly used today?
. Digital money
What is a form of fiat money that is commonly used today?
. Digital money
What is a form of fiat money that is commonly used today...?
. Digital money
fiat?
it is digital form of currency or money
Do the number of pixels matter when buying a digital camera?
The number of pixels does matter to an extent as to the picture quality.
What pairs is most similar to each otherapex?
fiat money and digital money
What is the meaning of the word denominations?
In a general sense, "denominations" refers to different categories or groups within a larger entity, often used in the context of religious or financial institutions. For example, within Christianity, there are various denominations such as Catholic, Protestant, and Orthodox. In finance, denominations can refer to the different values of currency or securities.
