British Money is the currency used in the United Kingdom. It is made up of several denominations, including the GUINEA (6 letters), PENCE (5 letters), STERLING (8 letters), POUND (5 letters) and QUID (4 letters). The GUINEA was a gold coin that was used in the UK until 1813, while the PENCE is the smallest denomination of British money and is made up of 100 PENCE to one POUND. STERLING is the name for the currency itself, while the POUND is the main unit of currency and is made up of 100 PENCE. The QUID is slang for the POUND.