When talking about money, the letter K after a number denotes thousands. 1K means $1,000 while 100K stands for $100,000. Both uppercase and lowercase K's are generally accepted and recognized.
Know MoreThe letter always follows the number. Sometimes the dollar sign is included, but it is not necessary. When discussing numbers that do not easily round to a thousand, use a decimal point with one number after the decimal. For example, $12,555 can be expressed as $12.5k.
The letter M is also used when discussing money. "MM" and "M" both stand for "million." Therefore, $30MM is thirty million dollars. When talking about millions of dollars, it is acceptable to use two decimal places ($30.58MM).
Learn MoreThe term .585 gold refers to the purity of the gold in question. This standard of purity is equal to 14-karat gold, which is why the terms are used interchangeably. Gold that is considered 14 karats or .585 contains 10 parts alloy blended with 24 parts gold.
Full Answer >One million pennies have a face value of $10,000. According to a USA Today article, the total weight of a million pennies is approximately 3.6 tons.
Full Answer >George Washington is pictured on the front of the dollar bill. He was the first president of the United States, serving from 1789 to 1797. The bill is signed by the treasurer and the secretary of the treasury, and features the location where the bill was printed.
Full Answer >Two quarters equal 50 cents, or half a dollar. A single quarter is worth a quarter, or one-fourth, of a whole dollar and is, therefore, worth 25 cents.
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