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There are 1,000 pounds in a thousand pounds, so to find out how many thousand pounds make a million pounds, you would divide 1,000,000 by 1,000. Therefore, there are 1,000 thousand pounds in a million pounds.
One million pounds = one thousand thousand pounds
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There are 10 hundreds in 1 thousand: 1000 ÷ 100 = 10.
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