When dealing with monetary numbers, the term cent is used to represent the value of
one hundredth part of a dollar.
At the end of a certain period of time (for example, one month, three months, etc.-each
banking institution has its own regulations), the bank provides the depositor with a
profit and loss statement showing the activity of the account during that time period.
As the United States changes to the metric system, the people who will be affected most
are those whose jobs are concerned with weights and measures. This is certainly the
case for food service workers. Instead of pints, quarts, and gallons, they will have to
adjust to meters.