How much is a strap of 20s worth?

How much is a strap of 20s worth?

• A. $1500.00
• B. $1800.00
• C. $2500.00
• D. $2000.00

Answer: (D)

In cash handling, a strap is a standard bundle of 100 bills of the same denomination. The value is simply the number of notes times the denomination. So for twenty-dollar bills, 100 notes × $20 each equals $2,000. That’s why $2,000 is the correct amount. Other options would correspond to different, nonstandard counts of notes (for example, 75 notes would be $1,500, 90 notes $1,800, and 125 notes $2,500), but a typical strap uses 100 notes, making $2,000 the right value.

In cash handling, a strap is a standard bundle of 100 bills of the same denomination. The value is simply the number of notes times the denomination. So for twenty-dollar bills, 100 notes × $20 each equals $2,000. That’s why $2,000 is the correct amount. Other options would correspond to different, nonstandard counts of notes (for example, 75 notes would be $1,500, 90 notes $1,800, and 125 notes $2,500), but a typical strap uses 100 notes, making $2,000 the right value.