cent
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A cent is a monetary unit equal to one-hundredth of a dollar or similar currency in many countries around the world. It matters because it allows people to conduct transactions and handle money in smaller denominations than the main currency unit.
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A United States one-cent coin, also known as a penny.
The cent is a monetary unit of many national currencies that equals a hundredth ( 1⁄100) of the basic monetary unit. The word derives from the Latin centum, 'hundred'.