Question

Is sterling a currency? Yes 2 Is a five-pound note worth less than a fifty-pence piece? 3 If you rent something, do you own it? 4 If you waste money, do you use it well? 5 Can you get money from a cashpoint? 6 If you are in credit, do you have money in your account? 7 Do you pay back a bank loan? 8 Is the currency in the United States of America called the euro? 9 Do you normally get back a deposit? 10 If you ‘can afford’ something, do you have enough money for it?

Answer 1

1. Yes, sterling is a currency. It is the official currency of the United Kingdom and is often referred to as the British pound (GBP).
2. No, a five-pound note is worth more than a fifty-pence piece. Five pounds is equal to 500 pence, while fifty pence is only half of one pound.
3. No, if you rent something, you do not own it. Renting is a temporary arrangement where you pay to use someone else's property or item for a specific period of time.
4. No, if you waste money, you do not use it well. Wasting money means spending it on unnecessary things or in an inefficient manner.
5. Yes, you can get money from a cashpoint, also known as an ATM (Automated Teller Machine). It allows you to withdraw cash from your bank account.
6. Yes, if you are in credit, you have money in your account. Being in credit means your account balance is positive.
7. Yes, you pay back a bank loan. A loan is an amount of money borrowed from a bank or financial institution, which you are required to repay, usually with interest, over a specified period of time.
8. No, the currency in the United States of America is not called the euro. The official currency of the United States is the US dollar (USD).
9. Yes, you normally get back a deposit if you fulfill the conditions attached to it. A deposit is a sum of money paid upfront, usually as a guarantee or security for a transaction, such as renting a property or booking a service.
10. Yes, if you "can afford" something, it means you have enough money for it. Affording something indicates that you can cover the cost without causing financial strain.