Which value is a clip of 100s worth?

Which value is a clip of 100s worth?

• A. $500.00
• B. $1500.00
• C. $1000.00
• D. $2000.00

Answer: (C)

When handling cash, a clip of hundreds refers to a bundle that contains ten $100 bills. Ten notes times $100 each equals $1,000, so the value of the clip is $1,000. The other amounts would require more or fewer notes (for example, five notes would be $500, fifteen notes $1,500, twenty notes $2,000), which aren’t the typical clip size for hundreds. So the $1,000 value best fits.

When handling cash, a clip of hundreds refers to a bundle that contains ten $100 bills. Ten notes times $100 each equals $1,000, so the value of the clip is $1,000. The other amounts would require more or fewer notes (for example, five notes would be $500, fifteen notes $1,500, twenty notes $2,000), which aren’t the typical clip size for hundreds. So the $1,000 value best fits.