Question

What is the difference between place value and face value?​

Answer 1

A Place value describes the position or place of a digit in a given number. Face value of a digit describes the value of the digit itself. Each digit of the number has a value depending on its place.

Answer 2

Answer:

Place value is the value of each digit in a number. For example, the 5 in 350 represents 5 tens, or 50; however, the 5 in 5,006 represents 5 thousands, or 5,000. It is important that children understand that whilst a digit can be the same, its value depends on where it is in the number.

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, typically in $1,000 denominations.