The cent is a fractional monetary unit, representing one hundredth of a dollar, euro, or other similar currency units. It was first introduced in the late 1700s and has been a fundamental part of currency systems ever since. Despite its reduced presence in everyday transactions today, the cent remains an important part of the historical record in numismatics and economics. It was also crucial during the gold standard era and continues to feature prominently in financial discussions and calculations.
In modern times, its use has diminished due to the rise of digital transactions and inflation. However, the cent still exists in certain regions in various forms, including coins, pricing, and as a monetary unit in the names of certain currencies (e.g., the euro cent).