Legal Definitions - United States currency

Definition: United States currency refers to any item, such as a coin, government note, or banknote, that is used as a medium of exchange in the United States. It is approved by the national government and placed in circulation as a legal tender.

Examples:

• Coins: pennies, nickels, dimes, quarters, half-dollars, and dollars
• Banknotes: $1, $5, $10, $20, $50, and $100 bills

These examples illustrate how United States currency is used as a means of payment for goods and services. People can exchange these coins and banknotes for products they want to buy or services they want to use.

It is important to note that United States currency can be subject to fluctuations in value, especially if it is not backed by reserves. This is known as soft currency. On the other hand, hard currency is backed by reserves, such as gold and silver reserves, which makes it more stable.