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the quid and the pound are the same thing, the quid is a slang term for pound and theres 100pence in a pound and a quid p.s.
Best Answer: Hi...it's a pound sterling (Â£), in British slang, possibly derived from the Royal mint at Quidhampton, Wiltshire, England, but more likely from the Latin phrase 'Quid pro quo' (This for that) meaning an exchange of goods.