What is the value of a dollar?

Answer 1

Money allows the benefits of goods and services to retain their worth over time and distance. Let's say Igrow tomatoes. I can only eat so many when I get a spring crop. But I might be able to trade them for some peaches that my neighbor grows. But what if I want apples? My neighbor's apple tree won't produce fruit until late autumn. By that time my tomatoes will be mush. By being able to sell all of my tomatoes while people need them, I can temporarily convert their value into money, to use later to buy other goods when I want or need them. The same is true of services. I canbuild a fence for a doctor, but if I'm not sick, he has nothing of value to compensate me for my time. By paying me with money, I can transfer the benefit of my work by paying for something that I want from someone else.

Answer 2

There isn't any real value - the dollar was taken off the gold standard by president Nixon. Therefore a dollar doesn't directly translate into anything tangible. It has value because other people in the world will take it in return for their goods. How long that will continue is a matter of considerable debate.

Answer 3

More detail is needed. Please post a new, separate question indicating what you mean - a dollar coin or bill as a collectible, a dollar in terms of purchasing power, a dollar versus another currency, etc.

Answer 4

8-9 cents in 2012

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The value of a dollar, currently in circulation, is a dollar. The US dollar is 100 cents.

Answer 5

47.95 philippine peso

Answer 6

110 trillian