STEP-BY-STEP ANSWER:
Step 1: Write the number in a place value chart, aligning digits with their periods (e.g., tens, hundreds, thousands, etc.).
Step 2: Identify the position of the digit 7; observing that in 63,407,218, 7 falls in the thousands place.
Step 3: Confirm by matching with the place value chart provided in class.
Final Answer: The digit 7 is in the thousands place.