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Currency

Study note

The currency of the United Kingdom is the pound sterling. It is shown by the symbol £, which you will see on prices, banknotes and coins throughout the country. The pound is the only official currency of the UK.

Each pound is divided into 100 pence, usually written as 100p. So an amount such as 250p is the same as two pounds and fifty pence. Knowing that there are exactly 100 pence in a pound is a simple but common test point.

An important thing to remember is that the UK does not use the euro, even though many nearby European countries do. If a question offers the euro, the dollar or another currency as the currency of the UK, those are wrong answers. The correct answer is always the pound sterling.

Memory tip: £1 = 100 pence.

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Question 1 of 6

How many pence are there in one pound?

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Show all questions and answers for Currency(6 questions with explanations)

Currency: questions, answers and explanations

  1. 1. How many pence are there in one pound?

    • 50
    • 100
    • 10
    • 1000

    Correct answer: 100

    There are 100 pence in a pound sterling.

  2. 2. What is the currency of the UK?

    • Krona
    • Pound sterling
    • Dollar
    • Euro

    Correct answer: Pound sterling

    The UK uses the pound sterling (£), not the euro.

  3. 3. The currency of the UK is the pound sterling. How many pence make up one pound?

    • 50
    • 10
    • 1000
    • 100

    Correct answer: 100

    There are 100 pence in one pound sterling.

  4. 4. The UK uses the euro as its currency.

    • True
    • False

    Correct answer: False

    False. The UK's currency is the pound sterling, not the euro.

  5. 5. Which symbol represents the pound sterling?

    • €
    • ¥
    • £
    • $

    Correct answer: £

    The pound sterling is shown by the symbol £.

  6. 6. Which of these statements is correct?

    • The currency of the UK is the euro
    • The currency of the UK is the pound sterling

    Correct answer: The currency of the UK is the pound sterling

    The UK's currency is the pound sterling, not the euro.

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