Ng Pui Shan, Yan Lam Sheung Yin, Sidney Wong Long Ching, Anna Lau Wing Hong, Tommy Tse Pui Yue, Hetty Lai Wai Chi, Virginia

The Money After Tomorrow

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

Agenda 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 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?

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

Agenda 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 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?

A Short Video of

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 Why need to develop the Money?

The Agenda Why we need to develop the Money? New Developed Money The Money After Tomorrow Conclusion 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

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

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

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.

Electronic Money

Ancient Money Current Tender and Currency New Developed Money

Agenda 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 What are the Functions of Money?

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? The Money After Tomorrow

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

Agenda 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 What are the Functions of Money?