Dollar

A unit of currency used in various countries, most notably the United States, Canada, and Australia. It's typically represented by the symbol '$' and can be divided into smaller units (cents). The value of a dollar is determined by market forces and government policy, impacting international trade, investment, and economic activity. The term itself often signifies financial worth, purchasing power, and economic transactions. Its global prevalence makes it a key metric for comparing economic standards across different nations.

Dollar meaning with examples

• She saved every dollar she could to buy a new car. The car, costing around $20,000, will mean working extra shifts. She meticulously budgeted her money, knowing every single dollar mattered. Paying the rent, buying groceries, and the extra cost of insurance made it a tough feat. She hoped to find some financial flexibility, even if it meant looking for a side hustle.
• The government's economic policies directly influence the dollar's value. Any increase in taxes, spending, or interest rates could have an impact on the rate of the dollar. Investors watch global markets for hints of the changing value of the dollar. These markets often trade on this, knowing there is a high level of speculation involved. The dollar affects the cost of imports and exports.
• He converted his savings into dollars before traveling to the United States. For him, it was the currency of his destination and convenience. The exchange rate was favorable, so he got a good return. He then planned his daily activities, budgeting in a very cautious way. Every single dollar in his possession was accounted for.
• The cost of the project was estimated at several million dollars. This involved hiring contractors, buying raw materials, and employing staff. The project budget was a huge amount of dollars. This necessitated seeking additional funding, possibly from investors or banks. Every detail had to be managed perfectly for a smooth outcome.
• The donation was made in the amount of five hundred dollars. All of the staff were incredibly grateful, and said so. This contribution helped support a local charity. They could buy food or medicine for the hungry and homeless. The money would be put to use quickly and efficiently.