Question

"If you went to a teller in the bank to get $50 in cash from your account, she might ask you in what denominations you would like the cash, such as tens or fives. Denomination means a unit of particular value in a currency system.

Answer 1

Answer:

True

Explanation:

The description of a currency amount is called denomination. It is used for banknotes and coins. It is also used for other modes of payment such as gift cards. Hundred dollar is the denomination of hundred Dollar note. In most of the countries the currency has a base unit and there are sub units that is a fraction of main unit while in some countries the sub units can have multiple levels.  

In decimal currencies the ratio between the sub unit and main unit is in the form of integral power of 10, non decimal currencies are rare.