How much is a strap of 10s worth?

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Multiple Choice

How much is a strap of 10s worth?

Explanation:
A strap is a standard bundle of 100 currency notes. The value is the denomination times 100. So for ten-dollar notes, 100 × 10 = $1,000. That’s why a strap of 10s is worth $1,000. In practice, straps help cash handlers quickly summarize large amounts, and different denominations would yield different strap values (for example, a strap of fives would be $500).

A strap is a standard bundle of 100 currency notes. The value is the denomination times 100. So for ten-dollar notes, 100 × 10 = $1,000. That’s why a strap of 10s is worth $1,000. In practice, straps help cash handlers quickly summarize large amounts, and different denominations would yield different strap values (for example, a strap of fives would be $500).

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