Categories
Investments glossary

Quid

Spread the love


Quotes of the day:

Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

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



We uses YouTube API Services.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply