personal finace

Question	Answer
personal finance topic 1 what does denomination mean?	denomination means the different value of each coin and note.
who issues the British coins?	the royal mint.
who designed the new coins in 2008?	Matthew dent
which coins did he design?	1p, 2p, 5p, 10p 20p 50p £1.00 coin.
when the coins are placed together what is the image they make?	they make the royal shield of arms
which coin was not included in the new design?	£2.00 coin
in which year was the first £5 coin issued?	1990
where can you spend a £5 coin?	at all post offices.
who issues our bank notes?	the bank of England issues our banknotes
what colour is the £5 note and who is featured on it?	blue and features Elizabeth fry.
what colour is the £10 note and who is featured on it?	red/orange/brown and features Charles darwin
what colour is the £20 note and who is featured on it?	purple and features Adam Smith.
what colour is the £50 note and who is featured on it?	Red and features Matthew bouton and James watt
what is the pledge on every bank note?	I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF...
Who signs every bank note?	every bank note is signed by a chief cashier on behalf of the governor and company of the bank of England.
what happens to old bank notes?	the bank of England shreds old bank notes and either take them to a landfill site or burn them in an industrial incinerator.
money is...?	a means of exchange a measure of value a store of value.

Resource summary

	Created by s1401457 about 9 years ago