Banking/Money
American currency is based on the decimal system with 100 cents to each ($). Currency is issued in either coins or bills. Coins are copper and silver and come in six difference sizes and values:
1 cent |
a penny |
the only copper coin |
5 cents |
a nickel |
larger than a penny |
10 cents |
a dime |
smallest coin |
25 cents |
a quarter |
larger than a nickel |
50 cents |
a half-dollar |
not commonly used |
100 cents |
a silver dollar |
rarely seen |
Paper bills are all the same size and color. They are issued in denominations of one, five, ten, twenty, fifty, one hundred, etc. dollars. Coins are used in many machines - food and soda vending machines, photocopiers, telephones, parking meters, washing machines and dryers.
It is recommended that you carry sufficient funds for your immediate needs in the form of traveler's checks. Cash is needed for taxi fares, phone calls, fast food meals. ATM machine is located on campus.
IT IS VERY DIFFICULT TO CHANGE FOREIGN CURRENCY FOR AMERICAN DOLLARS IN FLINT ---- PLEASE CHANGE YOUR FOREIGN CURRENCY BEFORE ARRIVAL.
Information on opening a bank account is available in the International Office.