What is a currency band?

A currency band is a range of upper and lower acceptable exchange rates for a national currency to fluctuate between. A currency band allows the currency to float between these two specified prices, but upon reaching those limits the currency price will switch to a fixed rate. A recent example of a working currency band is the Chinese Yuan.

What is a band on a $1,000 bill?

A band is a $1,000 bill, also known as a grand, stack, or G. The term is derived from the band that was wrapped around the stack of cash. The band is frequently used in contexts where money is flaunted, such as in a club or rap song. The term “bands” is commonly used to refer to sums in the tens of thousands of dollars.

What is a band in rap?

A band is one thousand dollars, also known as a grand, stack, or G. The term comes from the band placed around a stack of cash to hold it together. Band is often used in contexts where money is being bragged about, such as a club or rap song. The term is typically seen as "bands", which refers to multiple thousands of dollars.

What is the difference between a band and a rack?

A rack (s) is a term that refers to money in thousand-dollar increments. A band is a $1,000 bill, also known as a grand, stack, or G. The term is derived from the band that is wrapped around a stack of cash keeping it together. A “stack” is colloquial for $1,000. Hence all three are used to refer to different amounts of money.