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Currency — Life in the UK Test practice questions

These practice questions cover Currency, part of the A modern, thriving society chapter of the official handbook, Life in the United Kingdom: A Guide for New Residents. The correct answer and a clear explanation sit under every question.

Practice questions

1 · Currency

Which of these is a UK coin denomination?

  1. ✓ 50p — Correct answer
  2. 25p
  3. 15p
  4. 30p
Explanation

UK coin denominations include 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. These are decimal coin values used in everyday UK currency, so 50p is a UK coin denomination.

2 · Currency

What is true about banknotes from Northern Ireland and Scotland?

  1. They are no longer used in the UK
  2. ✓ They are valid everywhere in the UK, but shops do not have to accept them — Correct answer
  3. They are only valid in their own countries
  4. They must be accepted by all shops and businesses
Explanation

Northern Ireland and Scotland have their own banknotes, and these are valid everywhere in the UK. Shops and businesses do not have to accept them.

3 · Currency

Which of these is a UK banknote denomination?

  1. £15
  2. £3
  3. ✓ £5 — Correct answer
  4. £1
Explanation

UK banknotes include £5, £10, £20 and £50.

4 · Currency

What is the currency used in the UK?

  1. ✓ The pound sterling — Correct answer
  2. The franc
  3. The euro
  4. The dollar
Explanation

The currency of the UK is the pound sterling, and its symbol is £.

5 · Currency

How many pence make one pound?

  1. 50
  2. 1,000
  3. ✓ 100 — Correct answer
  4. 10
Explanation

There are 100 pence in one pound.

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