fractional currency (Meaning)
Wordnet
fractional currency (n)
paper currency in denominations less than the basic monetary unit
Synonyms & Antonyms of fractional currency
No Synonyms and anytonyms found
fractional currency Sentence Examples
- The fractional currency issued by the U.S. Treasury during the Civil War was used as a substitute for coins.
- Fractional currency banknotes were printed in denominations of 3, 5, 10, 15, 25, and 50 cents.
- The production of fractional currency notes ended in 1876 due to the widespread usage of metal coins.
- The scarcity of fractional currency has led to its numismatic value increasing among collectors.
- The designs on fractional currency notes often featured historical figures and symbols.
- Counterfeiting of fractional currency was a major issue during the Civil War era.
- The issuance of fractional currency helped to alleviate the shortage of coins and facilitate small transactions.
- The redemption of fractional currency notes was guaranteed by the U.S. government.
- The use of fractional currency notes in commercial transactions gradually declined after the Civil War.
- Fractional currency continues to be a topic of interest for historians and currency enthusiasts alike.
FAQs About the word fractional currency
paper currency in denominations less than the basic monetary unit
No synonyms found.
No antonyms found.
The fractional currency issued by the U.S. Treasury during the Civil War was used as a substitute for coins.
Fractional currency banknotes were printed in denominations of 3, 5, 10, 15, 25, and 50 cents.
The production of fractional currency notes ended in 1876 due to the widespread usage of metal coins.
The scarcity of fractional currency has led to its numismatic value increasing among collectors.
