Money & Finance

Many business transactions done in the United States require knowledge of commerce and banking.

Money and Banking

You must be 18 years of age to establish an account, or else a parent or guardian will have to complete the necessary forms on your behalf.

The U.S. Monetary System is a decimal system, with one dollar equal to 100 cents. One dollar is written as $1 or $1.00. One cent is written as 1¢. One dollar and 25 cents would be written as $1.25. Dollar amounts are written with a comma every three digits, so 1,000 dollars would be written as $1,000.00. Paper currency is used for amounts of $1 or more, and coins are used for amounts under $1.

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