Simplify the following text for a Grade 3 native English-speaking person.
Original: Ve and the Cyrillic letter Be ( Ð ` Ð ) were both derived from the Greek letter Beta ( Î ' Î ) , which already represented \/ v \/ in Greek by the time the Cyrillic alphabet was created .
Simplified: Ve ( Ð ' , Ð ) is the third letter of the Cyrillic alphabet . It is said as ( v ) .