Question Details

	Username: LuckyMan Rating: Asked to: Jun Wang Date Created: 13 Feb 2019
Category	46
Tag	Financial
Question	What is a Quid?

Advice from Guru

Hi LuckyMan,

Quid is well-known, slang expression for the pound sterling, or the British pound, which is the currency of the United Kingdom. A quid is equal to 100 pence, and it is generally believed to come from the Latin phrase “quid pro quo,” which translates into "something for something," or an equal exchange for goods or services. However, the exact etymology of the word as it relates to the British pound is still uncertain.

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