As a kid in the U.K. our currency was pounds, Shillings and Pennies. Our coins were 1/4 penny, 1/2 penny, Penny, 3 penny, six penny, 1 shilling, 2 shillings, 2 shillings + 6 pennies (called a Half Crown) 10 shilling note, 1 pound note, 1 guinea coin (1 pound + 1 shilling)
So there were 12 pennies = 1 shilling
20 shillings to a pound
or 240 pennies = 1 pound
Sound easy?
Well you buy 3 widgets at 3 shillings and 7 pennies each (written 3/7) how much change should you get from a 5 pound note?
The thing is, until the late 1960's we all thought this system was perfctly OK.
Is the American version imperial system any better?