DipDaq

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You could buy

You can buy one of the following:

Oxford English Dictionary
20 volume dictionary for £750 (Íkr140,800) from source

Thousands of

You can buy one of the following:

Fairy Dust
Gifts for £0.75 (Íkr140.80) from hawkin
Pop Up Smiler
Gifts for £0.65 (Íkr122.10) from hawkin

Shopping list

You can buy all of the following:

1 Wage payment for one week
Median UK wage for £479 (Íkr89,960) from source
1 Freedom of Information request
Average cost of a request under the UK's Freedom of Information Act, 2010. for £159.80 (Íkr30,010) from source
1 Housing benefit
Average (mean) weekly housing benefit claim in the UK, July 2011 for £87.18 (Íkr16,370) from source
×100

100 Star Party Bags
Gifts for £0.40 (Íkr75.12) from hawkin
×400

400 Cups of instant coffee
Cost per cup of instant coffee for £0.05 (Íkr8.64)