The term that denotes the value of a banknote or coin is called ____.

Numismatics

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denomination

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an exchange rate

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currency

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Solution

The correct option is B denomination
Denomination gives the proper description or value of a banknote or a coin.
Coins in India are presently being issued in denominations of one rupee, two rupee, five rupees and ten rupees.
Banknotes in India are currently being issued in denominations of ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2000.

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