Denomination means?
Economics
ScanSolve AI Answer
Answer
Denomination refers to the face value of a currency unit, such as a dollar or euro, or the value of a coin or banknote. It indicates the amount of money that the coin or bill represents.
For example, a $1 bill and a $100 bill are different denominations of the US dollar. Similarly, a 1-cent coin and a 25-cent coin are different denominations of US currency.
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