>Forgive me if this sounds ignorant, but...if I understand correctly,
>using "$" is purely for the developers own benefit so they remember
>that the variable is using jQuery.

Correct. 

That's the idea behind the Hungarian Notation (which I recommend you read up
on if you want more information.) You're using pre-determined naming
convention with variables so that you can easily identify the data type by
the variable name. 

-Dan

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