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One US Dollar contains 100 cents. One dollar is written as $1 or $1.00, one cent is written as 1¢. Every three digits are separated with comma (e.g. $2,000). Paper currency is used for amounts of $1 and more, whereas coins are used for amounts under $1.
Use bank accounts to store your money securely and pay for the goods/services/utilities you use. You can withdraw money from your account using a credit card/ATM or by signing a check. You will receive an initial set of checks as soon as you open the checking account. In case there are no sufficient funds to cover the check, your account will be overdrawn, which means the bank will refuse to honor the check and charge you a bounced check fee. You will receive monthly statements with all deposits and withdrawals from your account. Cancelled checks are checks that were processed by bank. Cancelled checks should be stored as they represent the proof of payment.
Use traveler's checks to transport money. In case traveler's checks are lost or stolen, they can easily be replaced. Bring traveler's checks in US currency and also have some US currency with you because traveler's checks are not accepted everywhere.
Please, find the images of US currency below.
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