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.
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One million pounds = one thousand thousand pounds
In the US, one million is a thousand thousand.
There are ten hundreds in one thousand. Therefore, to make a billion, which is one thousand million, you would need ten hundreds multiplied by one million, which equals ten million hundreds in a billion.
One thousand thousand
A hundred thousand, or 100,000.