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Essentially, Yes. The basic numerals are; I = 1, V = 5, X = 10, L = 50, C = 100, D = 500 and M = 1000. Any number from 1 to 3999 (MMMCMXCIX) can be made from combinations of these numerals. For numbers of 4000 and above additional numerals are used.

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Q: Are Roman numerals made up of seven letters of the alphabet?
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