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Ng Pui Shan, Yan 053005Lam Sheung Yin, Sidney 053017Wong Long Ching, Anna 053027Lau Wing Hong, Tommy 053031
Tse Pui Yue, Hetty 053221Lai Wai Chi, Virginia 055005
The Money After Tomorrow
Agenda
Why we need to develop the Money?
New Developed Money
The Money After TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?What are the Functions of Money?
AgendaThe function of Money:
Medium of ExchangeUnit of AccountStore of Value
Why we need to develop the Money?
New Developed Money
The Money After TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?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
What are the Functions of Money?What are the Functions of Money?
We discover that:The developed money is more convenient
(user-friendly)The value is more stableMore easier to defined the value
What are the Functions of Money?What are the Functions of Money?
AgendaReasons:
Need to be more convenientLack of the function -- RareThe Economic Environment is changing
Why we need to develop the Money?
New Developed Money
The Money After TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?What are the Functions of Money?
Reasons:Need to be more convenientLack of the function -- RareThe Economic Environment is changing
Why we need to develop the Money?
A Short Video of
The Economic Environment is changingHong Kong is just a case in point. In the past Back up by the US DollarBut since the China Economy is developing so fast
We can see that there is a need to develop the Money
Why need to develop the Money?
The Agenda
Why we need to develop the Money?
New Developed Money
The Money After TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?What are the Functions of Money?
QQ Coin
Electronic Money
QQ Coin
Is a virtual currency
started by TenCent Inc. in 2002
use RMB to buy QQ coin QQ coin card
Function of QQ coin
QQ users to "purchase" QQ related items for their blog
Using for the mobile phone service, voting
QQ coin
Why QQ coin is becoming popular?
Can use to buy real goods
Lack of credit cards in circulation
TenCent Financial Report
1,143.50
1426.4
2,800.40
439
786.7
1,825.30
0.00
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
2004 2005 2006
TotalrevenuesRMB(million)
Revenues fromInternet value-added services(IVAS)(million)
Electronic MoneyRefers to money which is exchanged only
electronically.
E.g. Debit cardsStored-value cardsElectronic cash
Electronic MoneyElectronic cash CashSimplify 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
Electronic MoneyElectronic cash CashCosts 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.
Electronic MoneyHong Kong E-Business Services 2000-2006
80.00%
85.00%
90.00%
95.00%
100.00%
2000 2001 2002 2003 2004 2005 2006
Year
Popularity
E-trading Services
New Developed Money
AgendaWhat 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 TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?What are the Functions of Money?
Example 1:The use of implantable microchips in human.
First for medical purposeNow why not store money in it
This is still under debate.harms our health?How to replace?
The Money After TomorrowThe Money After Tomorrow
Example 2:The use of some distinguishing feature.
E.g. use fingerprint as the access to the account.
The Money After TomorrowThe 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.
The Money After TomorrowThe Money After Tomorrow
AgendaTo 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 TomorrowThe Money After Tomorrow
Conclusion
What are the Functions of Money?What are the Functions of Money?
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