Question

what is the meaning of denomination in economics? ​

Answer 1

Answer:

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A denomination defines the monetary unit with which assets, securities, and transactions are priced in. ... Collectible currencies will at times, have a market value that is higher than the face value denomination, such as an old penny today worth several hundred dollars.

Answer 2

Explanation:

denomination defines the monetary unit with which assets, securities, and transactions are priced in. ... Collectible currencies will at times, have a market value that is higher than the face value denomination, such as an old penny today worth several hundred dollars.