Why is a 5 dollar bill called a sawbuck?

+1 vote
asked Nov 2, 2020 in Other-Finance by Dimitri (960 points)
Why is a 5 dollar bill called a sawbuck?

2 Answers

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answered Nov 6, 2020 by Larry S (42,350 points)
A 5 dollar bill is called a sawbuck because of the sawbuck term that was a term derived from the resemblance of the carpentry tool to the Roman numeral X, is commonly used by interbank forex dealers to signify a transaction of $10 million U.S.

The 5 dollar bill also used to bear the Roman numeral X and that X resembles a sawbuck that was used and still used to cut wood with.

In the USA we sometimes call a sawbuck which we put logs on to cut a sawhorse as well.

In Carpentry a sawbuck is a holder for logs that we then use a chainsaw or hand saw to cut the logs on.

The Sawbuck held the logs up off the ground so that they could be cut.
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answered May 24, 2022 by RobertPolson (3,960 points)

It seems to me that the fiat dollar has lost its position as a unit of value on the online exchange.. I see how many cryptocurrency transactions are going on there now. What about cryptocurrency applications? Get More Info. This option is made specifically so that ordinary people can buy or sell crypto without much difficulty.

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