student asking question

What's the difference between the word "banknote" and "note"?

teacher

Native speaker’s answer

Rebecca

A "banknote" is a piece of paper issued by a bank as a promise to pay the sum issued in the amount. In many countries, a "banknote" refers to paper money, like the United States dollar bill. The word "banknote" derived from olden times where people would pay people in writing before paper money existed. A "note" on the other hand refers to any small piece of paper with writing on it. Ex: She handed me a banknote in exchange for the fruit. Ex: The woman left a note on my car.

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