no - it is 10 times smaller
like 10 cents or 1 dollar
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It depends if there is a decimal. If you mean .01 and .01000 then, yes, they are the same. If you mean 01 and 01000 then they are very different. The first is 1 and the other is 1000.
milli = .01 1 millimeter = .01 meters 1 milligram = .01 grams 1 milliliter = .01 liters etc.
yes
i penny is 1 out of 100 cents, therefore it is .01
.01