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  2. A denomination refers to the units classification for the stated or face value of financial instruments such as currency notes or coins, as well as for securities, bonds, and other investments. The denomination can therefore be used to quote the base currency in a forex transaction, or the quoted currency in a financial asset.
    www.investopedia.com/terms/d/denomination.asp
    www.investopedia.com/terms/d/denomination.asp
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    What is a denomination in a currency?Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment such as gift cards. For example, five euros is the denomination of a five-euro note . In a currency, there is usually a main unit (base) and a subunit that is a fraction of the main unit.
    What is a denomination in banking?Denomination refers to the face value of financial instruments such as currency, coins, bonds, and stocks. Cash is the most straightforward example of denominations in our everyday lives. The Federal Reserve Board issues the money in denominations of $1, $2, $5, $10, $20, $50, and $100 notes.
    What does a denomination mean?A denomination is a way of classifying things — it names the type or value of something. Denomination often refers to money. For example, $20 bills are of the same denomination. When denomination is applied to money, you’ll often hear the terms “lower denomination ” or “higher denomination .”
    What is the difference between denomination and value?When dealing with money, denomination is the value of the individual currency. For example a one dollar bill, a 100 dollar bill, a penny and a quarter are all different denominations of money. A one dollar bill and a one dollar coin are the same denomination as they are the same value.
     
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