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denomination is the physical representative (coins, bills, pieces, etc.) of trust in payment and actual tradable goods.
i.e. Rather than trading 10 chickens for one cow, the cow owner is paid in a denomination of a certain acceptable currency (usually only that country's) of equal value to 10 chickens, because:
1. the owner knows he can trade that denomination of currency for 10 chickens at any time.
and 2. its easier to carry bills, coins, etc. than 10 chickens in your pocket
What else can I help you with?
What is the largest denomination of money?
The largest circulating denomination in the US is currently $100. Up to 1945, bills were issued in denominations up to $10,000 but these were rarely used. In terms of numeric denomination, but not purchasing power, the highest-denomination bill issued anywhere in the world was 100 trillion Zimbabwean dollars, but its purchasing power was negligible due to hyperinflation.
What does denomination of currency mean?
Currency denominations are the units the particular currency is issued in. For example, in the U.S. bills are made and circulated in the familiar denominations of $1, $10, and $20, amongst others. But there are no U.S. bills of a $25 denomination. By contrast, coins come in a 25-cent denomination but not in a 20-cent denomination.
What is 12mm in actual dollars?
This is a vague question, since it does not tell the condition of the money, the denomination, nor how tightly the bills are packed.
Is there a bill bigger than the 100 dollar bill?
If you mean size, all notes printed before series 1928 were large sized. If you mean larger denomination, there were $500, 1000, 5000, 10,000, and 100,000 notes printed. Notes having a denomination of larger than $100 has not been printed since 1945.
How much of each money denomination can the Zillionz ATM Savings Bank hold?
This savings bank does not hole much money - the smaller the coin the more it can hold. It will let you know when the bank is full. It's a great way to teach your kids how important it is to save money.
What is the denomination of Japan?
Yen in money. Shinto in religion.
What is the definition of the word denomination?
It means "Different values of money."
Is what is a denomination?
Denomination mean that Christianity believe variable way like in one god. There are many different Christian denomination and they believe in variable ways
What is the biggest denomination of money in the world?
100 trillion Zimbabwean dollar bill.
Did the united states ever print paper money in 1 cent denomination?
No, the smallest paper money denomination was the 3 cent fractional currency note printed during the civil war because of a shortage of coins.
What denomination is Twila Paris?
She's a Christian if that's what you mean.
What does denomination mean for a coin?
Face value The value stamped on it
How does modern money reflect the characteristics of money?
modern money is divisible. the penny, which is the smallest denomination of coin is small enough for almost any purchase
What denomination of us currency is roosevelt on?
FDR is on a coin, not currency (= paper money) - the dime.
What is the highest denomination Chinese money bill?
It is the red/pink 100 Renminbi note.
Is a 1892 epluribus unum coin worth money?
Yes, it's worth money. How much money mainly depends on the coin's denomination, which you forgot to include in your question.
What is the largest denomination of money?
The largest circulating denomination in the US is currently $100. Up to 1945, bills were issued in denominations up to $10,000 but these were rarely used. In terms of numeric denomination, but not purchasing power, the highest-denomination bill issued anywhere in the world was 100 trillion Zimbabwean dollars, but its purchasing power was negligible due to hyperinflation.
