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Pound Sterling

The pound sterling refers to the currency of the United Kingdom, with the sign £. It derives its name from the Latin word "libra" meaning pound. While the pound sterling was originally a silver coin worth slightly less than a modern pound, inflation has caused the pound to replace the penny as the basic unit of currency in the UK.

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62 views

Pound Sterling

The pound sterling refers to the currency of the United Kingdom, with the sign £. It derives its name from the Latin word "libra" meaning pound. While the pound sterling was originally a silver coin worth slightly less than a modern pound, inflation has caused the pound to replace the penny as the basic unit of currency in the UK.

Uploaded by

jfblesa
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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PRUEBAS DE ACCESO A LA UNIVERSIDAD PARA MAYORES DE 25 AÑOS

Pound Sterling

The pound sterling, which strictly speaking refers to basic currency unit of
sterling, now the pound, can generally refer to the currency of the United
Kingdom (UK). The standard ISO 4217 currency code is GBP (UKP is non-standard
and sometimes wrongly used).

The sign for the pound is £ (or rarely just "L"). Both symbols derive from libra,
the Latin word for "pound".

In the UK, in order to distinguish the unit of currency from the unit of mass, and
from other units of currency that have the same name, a pound is often referred
to as a pound sterling or sometimes simply sterling.

The slang term quid is also substituted in informal conversation for "pound(s)
sterling". In modern times the pound has replaced the penny as the basic unit of
currency as inflation has steadily eroded the value of the currency. Originally a
silver penny had the purchasing power of slightly less than a modern pound.

Questions.

1. What’s the pound sterling?

2. Does the pound sterling refer to the currency of the United States?

3. What’s the standard currency code?

4. Is the sign for the pound like an E?

5. Where do we find the origin of the word “pound”?

6. Do English people use the word pound for the unit of currency and for the

unit of mass?

7. How do they make a difference to distinguish them?

8. What’s the slang term for “pound sterling”?

9. Why has the pound replaced the penny as the basic unit of currency?

10. Does the silver penny have the same power as a modern pound nowadays?

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