Q:

# What is the dollar value of "1k"?

A:

The dollar value of 1k is \$1,000. Another way to say 1k is to say one grand. While 'k' is not an official unit of measurement when it comes to money, it is often used in place of long numbers.

Know More

The reason 'k' is used to when talking about \$1,000 is that k is an abbreviation for kilo. Kilo is a unit of measurement that stands for 1,000, as in kilogram or kilometer. Some theories say that it is used because of how computers process data. 1k is 2^10, or 1024, which is known as a kilobyte or kb. However, most people look at it in terms of 1,000, ignoring the 24, and as a result use the 'k' to describe \$1000. It is more common to see '1k' or '100k' than 1,000 or 100,000.

## Related Questions

• A:

Although \$100,000 notes were printed in the 1930s, they were only used for transactions between branches of the Federal Reserve Bank and were never issued to the public. The U.S. Bureau of Engraving and Printing issued \$100,000 Gold Certificates between Dec. 18, 1934 and Jan. 9, 1935.

• A:

The Susan B. Anthony silver dollar coin has a diameter of 26.49 millimeters, or 1.043 inches. Golden dollar coins, such as the Native American and the Presidential dollar coins, have the same measurements as the silver dollar coin.