Currency notes and coins
Study note
The currency of the UK is the pound sterling, and one pound is made up of 100 pence. Money comes in two forms, coins for smaller amounts and banknotes for larger ones, and it is worth knowing the usual values of each.
The common coins are 1p, 2p, 5p, 10p, 20p and 50p, together with a one pound coin and a two pound coin. So the largest everyday coin is worth two pounds. There are no three pound coins or seventy-five pence coins, so those appear as wrong answers in the test.
Banknotes are usually issued in 5, 10, 20 and 50 pound denominations. There is no 3 pound note or 15 pound note. If a question asks for a normal UK banknote value, choose one of 5, 10, 20 or 50 pounds.
Memory tip: Coins up to two pounds; notes are five, ten, twenty and fifty pounds.
Practise this topic
Question 1 of 4
Which of these is a normal UK banknote denomination?
Show all questions and answers for Currency notes and coins(4 questions with explanations)
Currency notes and coins: questions, answers and explanations
1. Which of these is a normal UK banknote denomination?
- 3 pounds
- 15 pounds
- 20 pounds
- 100 pence note
Correct answer: 20 pounds
UK banknotes are commonly issued as 5, 10, 20 and 50 pound notes.
2. Select TWO values that exist as UK coins.
- 50p
- Three pounds
- Two pounds
- Seventy-five pence
Correct answer: 50p and Two pounds
UK coins include 50p and a two pound coin; there are no three pound or 75p coins.
3. There are 100 pence in one pound sterling.
- True
- False
Correct answer: True
True. One pound sterling is made up of 100 pence.
4. Which of these is NOT a normal UK banknote denomination?
- 20 pounds
- 50 pounds
- 3 pounds
- 5 pounds
Correct answer: 3 pounds
There is no 3 pound note. UK banknotes are commonly 5, 10, 20 and 50 pounds.
Back to What is the UK?, or try a mock test or timed exam.