Introduction
Why is currency important?
It influences trade, economic stability and global power.
Which country has the oldest currency?
The UK (Pound Sterling).
What is the official currency of the UK?
Pound Sterling (GBP).
What is the official currency of the USA?
US Dollar (USD).
Which currency is more influential globally?
The US dollar.
What does currency represent besides paper or coins?
Economic strength, trust and stability.
When was the US dollar introduced?
1792.
Why doesn’t the UK use the euro?
To maintain control over its own economy and currency.
Why is the dollar so widely used?
Strong economy and global trust.
What is the exchange rate for 1 GBP in USD?
1 GBP ≈ 1.25 USD.
Which two countries own some of the most powerful currencies?
The UK and the USA.
When was the Bank of England founded?
1694.
Which institution controls the pound?
Bank of England.
Which institution manages the US dollar?
Federal Reserve.
Why do exchange rates change?
Due to inflation, political events, and economic performance.
Are all currencies accepted worldwide?
No, some are accepted worldwide while others are not.
When did the US Mint start producing coins?
1793.
Name one important fact about London related to the pound.
London is one of the world’s top financial centers, giving extra power to the pound.
What is an important fact about the US dollar?
It underpins global trade, oil markets, and finance, making it the most influential currency.
Where is the US dollar mainly used?
International trade and reserves.
How does currency affect global influence?
Strong currency creates financial stability and international influence.
When was the Federal Reserve created?
1913.
What appears on UK banknotes?
The monarch (King Charles III) and national symbols.
Who is shown on US banknotes?
Important historical leaders.
Can money rule the world?
Yes, it controls the global economy and trade.