Bank of England note issues

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/bank-of-england-note-issues

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was Bank of England note issues built?1694
2. What is the location?London, England
3. What is the legal tender status?In England and Wales
4. What is a Bank of England note and how did it start?Bank of England notes began in 1694 as handwritten promissory notes that could be paid to a specific person. They were a simple way to carry money before printed notes were used.
5. Why do Bank of England notes have pictures of famous people?The Bank puts portraits of important British figures on the £5, £10, £20, and £50 notes to celebrate history and show the nation’s achievements. It turns money into a moving gallery of heroes.

Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Legal Tender: A medium of payment recognized by a legal system to be valid for meeting a financial obligation.
Counterfeiting: The act of producing a copy or imitation of currency, documents, or other valuable items with the intent to deceive.
Denomination: The face value of a banknote or coin, indicating its worth in the currency system.