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 it, A-Answer it, C- Cite Evidence, E- Explain, S- Sum it up) ensure you cite the evidence where you got information from.
R: Why does England not have a 100 pound note similar to how the United States have a 100 dollar bill?
A: England does not have a 100 pound note because it would be more susceptible to counterfeiting and less practical for everyday transactions.
C: The Bank of England, which issues and regulates British currency, has not introduced a 100 pound note.
E: The decision not to introduce a 100 pound note can be attributed to security concerns and practicality. Higher denomination banknotes are more attractive targets for counterfeiters due to the higher value they represent. With advancements in technology, counterfeiting techniques have become more sophisticated, making it even more challenging to protect the integrity of higher denomination banknotes. Additionally, a 100 pound note would be less practical for everyday transactions, as it would be difficult for businesses to provide change and for individuals to handle smaller transactions efficiently.
S: In conclusion, the Bank of England has not introduced a 100 pound note due to security concerns and the impracticality of such a high denomination for everyday use.