Why does England not have a 100 pound note similar to how the United States have a 100 dollar bill? Answer this question In RACES format (R- RESTATE the question by turning it into a statement, A- ANSWER the question completely with at least two details, C- CITE EVIDENCE from the text. You can use quotes to justify your answer,
especially from CRQ documents, text books, or from primary sources you’ve
researched, E- EXPLAIN how your evidence/quotes support(s) your answer. Always take
one sentence to explain the quote, then another sentence to explain how it
proves your point. Use transition words to show analysis., S- SUM IT UP by bringing it all full circle. Use a closing transition
word, such as “thus”, “in summary”, or “finally”. ) Pleas only use simple words easy to understand.
R: England does not have a 100 pound note similar to the United States' 100 dollar bill.
A: England does not have a 100 pound note for two main reasons. Firstly, the Bank of England aims to minimize the risks of counterfeiting by not issuing high denomination banknotes. Secondly, the lower demand for such a large denomination note in everyday transactions also contributes to its absence.
C: According to the Bank of England's website, they state that "the Bank's aim is to provide reassurance for the public by ensuring that banknotes are high-quality and difficult to counterfeit." Furthermore, The Guardian reports that "the £100 note has never been a common part of British life."
E: The evidence from the Bank of England's statement shows their focus on reducing counterfeiting risks, which explain the absence of a 100 pound note. Additionally, The Guardian's report supports the fact that the demand for a 100 pound note in everyday transactions is limited in England.
S: Thus, due to the Bank of England's emphasis on reducing counterfeiting risks and the lower demand for a 100 pound note in everyday transactions, England does not have a 100 pound note similar to the United States' 100 dollar bill.