‘Dollar’ is one of the important topics on which students can be asked to write a paragraph in exams in school. The dollar is a form of currency used worldwide, serving as a medium of exchange for goods and services. Please check the various versions (in 100 words, 150 words, 200 words, and 300 words) provided below for the paragraph.
Paragraph on ‘Dollar’ in 100 Words
The dollar is money used in many countries, like the United States. People use dollars to buy things like food, toys, and clothes. A dollar can be in the form of paper money or coins. One dollar is made up of 100 cents. The symbol for the dollar is “$”. Many countries have their own money, but some also use the dollar. The U.S. dollar is one of the most important currencies in the world. People save dollars in banks and use them to trade with other countries. Dollars help people buy and sell things every day.
Paragraph on ‘Dollar’ in 150 Words
A dollar is a type of money used in different countries, especially in the United States. People use dollars to buy food, clothes, toys, and other things. Dollars come in the form of paper bills and coins. One dollar is equal to 100 cents. The “$” sign shows the dollar. Other countries, like Canada and Australia, also have their own dollars.
The U.S. dollar is one of the strongest currencies in the world. Many countries use it for trade and business. People save dollars in banks to keep their money safe. Dollars help people buy, sell, and travel to other places. Without money like the dollar, it would be hard to buy things we need.
Paragraph on ‘Dollar’ in 200 Words
The dollar is a type of currency, or money, used in many countries. The United States dollar is one of the most well-known. People use dollars to buy things like food, clothes, and toys. The dollar can be in paper form or as coin. One dollar is made up of 100 cents. The “$” symbol is used to represent the dollar.
Many other countries also have dollars, like Canada, Australia, and Singapore. The U.S. dollar is important because it is used for trade around the world. Some countries even accept U.S. dollars along with their own money.
People keep their dollars in banks to save them for the future. Banks help people protect their money and use it safely. Sometimes, people exchange their dollars for other currencies when they travel. Without money like the dollar, buying and selling things would be difficult. The dollar helps people do business and trade in different places.
Paragraph on ‘Dollar’ in 300 Words
The dollar is a type of money that people use to buy things. The U.S. dollar is one of the most well-known currencies in the world. The symbol for the dollar is “$”. Dollars come in both paper money and coins. One dollar is made up of 100 cents. Coins like pennies, nickels, dimes, and quarters are used for small amounts of money.
Many countries have their version of the dollar, like Canada, Australia, and New Zealand. The U.S. dollar is important because it is used for trade between different countries. Some places accept U.S. dollars even if they have their own money. The value of a dollar can change when compared to other currencies, which is important for international trade.
People keep their dollars in wallets, banks, or piggy banks. Banks help people save money safely and use it when needed. Some people invest their dollars in businesses to make more money. Travelers exchange dollars for different currencies when visiting other countries.
Dollars help people buy food, clothes, houses, and more. Without money like the dollar, it would be hard to buy and sell things. The dollar is an important part of daily life, making trade and business easier worldwide.
MCQ’s on ‘Dollar’
1. What is the dollar used for?
a) Playing games
b) Buying things
c) Cooking food
d) Watching TV
2. What is the symbol for the dollar?
a) £
b) €
c) ¥
d) $
3. How many cents make up one dollar?
a) 10
b) 50
c) 100
d) 500
4. In which country is the U.S. dollar mainly used?
a) Canada
b) Australia
c) United States
d) China
5. What types of money can dollars be?
a) Paper money and coins
b) Only paper money
c) Only coins
d) Gold bars
6. Why do people save dollars in banks?
a) To buy toys
b) To keep their money safe
c) To lose money
d) To throw away
7. Which countries also have their own dollars?
a) Canada and Australia
b) Japan and India
c) France and Germany
d) Brazil and Mexico
8. What can people do with U.S. dollars in some other countries?
a) Throw them away
b) Use them for trade
c) Eat them
d) Use them for playing
9. What do travelers do with their dollars when visiting other countries?
a) Exchange them for local currency
b) Burn them
c) Hide them
d) Give them away
10. Why is the U.S. dollar important?
a) It is used for trade and business worldwide
b) It is the only money in the world
c) It is made of gold
d) It can never be lost
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