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1. What's the main idea in this text?
The British Pound
The British pound is the oldest currency that is still in use today. At first, English coins had different values: 12 silver pence made a shilling, and 20 shillings (or 240 silver pence) made a pound. Initially, there wasn’t a pound coin. People called it that because the 240 silver pennies were supposed to weigh a pound of silver. That was clearly a lot of money. Farmers could buy 15 cows with one pound around 980 A.D.
The first pound coin appeared in 1489. This changed very recently, in 1971, when the U.K. started using the decimal system. Since then, coins and bills are counted in multiples of ten.
Today, the pound comes in the form of a coin or a bill. The Bank of England is in charge of making the currency.