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INNOVATION OF MONEY

Chan Ka Yee, Kayley (13209000)Chow Tsz Ching, Calvin (13209116)Wong Tsit Ting, Minnie (13214934)

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CONTENT

Objective Introduction Perzi Mindmap Survey Resaons Conclusion

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OBJECTIVES Discover the history of money innovation

Find out the reasons why money is innovating

Predict the future trend of the use of money

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INTRODUCTION

Money is any object or record that is generally accepted as payment for goods and services. 

Different payment systems are due to the period of time, culture and society.

Types of money:

Commodity money Coinage Paper money Digital money

http://prezi.com/xa8lyfwee5_o/?utm_campaign=share&utm_medium=copy&rc=ex0share

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MINDMAP

http://www.mindmeister.com/325493638/innovation-of-money#

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SURVEY RESULTS (1) Most of the respondents

used Cash commonly when they were children.

Few of them choose the options of Digital money.

For example: online bank, EPS, credit card and octopus cardCash

Octopus card

Credit card

EPS

Online bank

Gold

0 10 20 30 40 50

Q: When you was a child, what kind of money do you use

most?

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SURVEY RESULTS (2)

CashOctopus

card Credit Card EPS

Online bank Gold

0

5

10

15

20

25

30

35

What is your most common currency using nowadays?

Rank 2

CashOctopus

card Credit Card EPS

Online bank Gold

0

5

10

15

20

25

30

35

40

What is your most common currency using nowadays?

Rank 1

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SURVEY RESULTS (2) Most respondent choose cash as their most

common currency nowadays as usual

But many people also choose octopus card as their second common currency.

Some of the respondents choose credit card and EPS too.

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SURVEY RESULTS (3) The highest percentage of

interviewees use octopus card to pay fee for transportation.

Considerably less interviewees use cash as transporting fee.

Cash6%

Octopus Card88%

Octopus Watch2%

Others4%

Which do you use more to pay fee during taking the MTR, BUS or any Public

Transportation?

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SURVEY RESULTS (4) Almost half of the

respondents have online bank account.

44%

56%

Do you have any online bank ac-

count?

Yes No

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SURVEY RESULTS (5) More interviewees think

electronic money can not fully replace the traditional money.

Yes39%

No61%

Do you think the elec-tronic money can fully replace the traditional

money?

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CONCLUSION OF SURVEY RESULTS The importance of digital money is rising.

Digital money even can replace the traditional one in some criteria like transporting.

But overall, people think digital money cannot fully replace the traditional money in future.

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THE REASONS FOR MONEY INNOVATIONBarter to commodity money

No agreed standard measure method

Need double coincidence of wants

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THE REASONS FOR MONEY INNOVATION (2) Commodity money to Legal tender (coinage and banknotes)

More convenient

More durable

Standardize  

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THE REASONS FOR MONEY INNOVATION (2) Legal tender to Digital money

Faster payment and trading

Lower Cost

More convenient in International trading

Technological advancement

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CONCLUSION Money is innovating because of convenient

and technological advancement.

Digital money will take an more important role in future

But Digital money can’t fully replace the traditional money

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JOB DIVISION Objective (Minnie) Introduction (Calvin) Perzi (Kayley) Mindmap (Kayley) Survey Result (Kayley, Calvin) Reason (Minnie, Calvin) Conclusion (Calvin) Powerpoint Decoration (Kayley, Minnie)

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THE END