3. Find the difference between place value and face value of 8 in 6, 78,590.
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Answer:
face value of 8in 6,78,590 is 8 only
place value of 8 in 6,78,590 is 8,000.
explanation:
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the holder at maturity, which is customarily $1,000.
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