What is US Dollar

United State of America's official currency is called US Dollar or US $ or $ or USD. Like Indian Rupee, it is used for sale and purchase of goods and services in national and international business. One of advance feature in US dollar that it is being used by other countries as their official currency. These countries are using US Dollar as their official currency through dollarization. It helps them to save from currency crisis.

Before independence of United state of America, there was not any existence of US dollar. All trade in America through colonies pounds before America's independence. After independence of USA in 4th july 1776, US Dollar was declared as official currency of USA on the basis of Spanish dollar. One dollar's 100th part (1/100) is called cent. Main printed denomination of US dollars are following.

1 Dollar

2 Dollars
5 Dollars
10 Dollars
20 Dollars
50 Dollars
100 Dollars  

In above list, there is no 500 dollars or 1000 dollar printed note in USA. So, there is less change of collecting black money which is the main case in India because after using Rs. 500 and Rs. 1000 note, it became easy to collect and use of black money. 

Exchange Rate of of US Dollar with Indian Rupee

Years  US Dollar  Indian Rupees
1970 1 08
1980 1 12
1990 1 31
2000 1 47
2005 1 44
2010 1 45
2013 1  65

From above table, we can see that US Dollar's value is increasing fastly when we compare the exchange rate with India rupee. This report clears our doubts also. Within 40 years, economy of USA has developed due to hard work, trust, honesty, truth, Enthusiasm and positive attitude of American peoples. Within 40 years, economy of India has gone downward due to laziness, distrust, corruption, dishonesty,  Nostalgic thinking and negative attitude. We all Indians should get lesson from development of USA economy and change our thinking. When USA people can think big and show their magic in above table, then why can Indian people not think big for developing their economy. Because this is the only way to increase the value of Indian rupee. 






access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: What is US Dollar
What is US Dollar
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock