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Fin 243 Section 1 Money and Banking

Fin 243 Section 1 Money and Banking. Ng Pui Shan, Yan 053005 Lam Sheung Yin, Sidney 053017 Wong Long Ching, Anna 053027 Lau Wing Hong, Tommy 053031 Tse Pui Yue, Hetty 053221 Lai Wai Chi, Virginia 055005. The Money After Tomorrow. Agenda. What are the Functions of Money?.

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Fin 243 Section 1 Money and Banking

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  1. Fin 243 Section 1Money and Banking Ng Pui Shan, Yan 053005 Lam Sheung Yin, Sidney 053017 Wong Long Ching, Anna 053027 Lau Wing Hong, Tommy 053031 Tse Pui Yue, Hetty 053221 Lai Wai Chi, Virginia 055005

  2. The Money After Tomorrow

  3. Agenda What are the Functions of Money? Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion

  4. Agenda What are the Functions of Money? • The function of Money: • Medium of Exchange • Unit of Account • Store of Value Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion

  5. What are the Functions of Money? Ancient Money (E.g. Gold and Silver) Current Money (E.g. Tender and Currency) • Widely accepted in old days • Value will increase with price level  not stable • Based on weight, but depends on quality (e.g. 18K) • Universally accepted in the same country. • Higher function of storing the value  more stable • Clearly defined, each paper currency and coin has its own unit value

  6. What are the Functions of Money? • We discover that: • The developed money is more convenient (user-friendly) • The value is more stable • More easier to defined the value

  7. Agenda What are the Functions of Money? • Reasons: • Need to be more convenient • Lack of the function -- Rare • The Economic Environment is changing Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion

  8. Why we need to develop the Money? • Reasons: • Need to be more convenient • Lack of the function -- Rare • The Economic Environment is changing

  9. A Short Video of

  10. Why need to develop the Money? • The Economic Environment is changing • Hong Kong is just a case in point. In the past  Back up by the US Dollar But since the China Economy is developing so fast We can see that there is a need to develop the Money

  11. The Agenda What are the Functions of Money? QQ Coin Why we need to develop the Money? New Developed Money Electronic Money The Money After Tomorrow Conclusion

  12. QQ Coin QQ coin card Is a virtual currency started by TenCent Inc. in 2002 use RMB to buy QQ coin

  13. Function of QQ coin • QQ users to "purchase" QQ related items for their blog • Using for the mobile phone service, voting

  14. QQ coin • Why QQ coin is becoming popular? • Can use to buy real goods • Lack of credit cards in circulation

  15. Electronic Money • Refers to money which is exchanged only electronically. • E.g. Debit cards Stored-value cards Electronic cash

  16. Electronic Money Electronic cash Cash • Simplify payment. • Convenient for people to carry a stored-value card for consumption. • Prevents time consuming for the payments of coins • Traditional payment • Inconvenient for people to carry large amount of dollar notes and coins for consumption • Time consuming for the payments of coins

  17. Electronic Money Electronic cash Cash • Costs can be reduced. • Prevent the appearance of fake money and transportation problems. • People can purchase the goods as soon as they can through the online trading platform. • More security measures are added on the paper notes, this increase the cost of paper notes • Cash cannot transfer through the online trading platform.

  18. Electronic Money

  19. New Developed Money

  20. Agenda What are the Functions of Money? • What will the money likely to be after tomorrow? • Rely on development of new technologies • New form? • Electronic “Physical” Money Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion

  21. The Money After Tomorrow • Example 1: • The use of implantable microchips in human. • First  for medical purpose • Now  why not store money in it • This is still under debate. • harms our health? • How to replace?

  22. The Money After Tomorrow • Example 2: • The use of some distinguishing feature. • E.g. use fingerprint as the access to the account.

  23. The Money After Tomorrow • Much better than adding a crystal in the body. • Safety and not harmful. • However, there must have a central bank that is for the public use.

  24. Agenda What are the Functions of Money? • To conclude: • The developed of money is mainly because of the convenient. • The Virtual Money and the electronic money are becoming more important. • We suggest that we can use some distinguishing feature to be the access point to use the money. Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion

  25. End

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