Plastic Money Better than Paper Money

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Plastic money lasts anywhere from two to five times longer than paper money, performs better in vending machines, and is harder to counterfeit. And unlike paper currency, plastic money doesn't shed tiny bits of ink and dust that can disable ATMs by confusing their optical readers.

Plastic money also stays cleaner and becomes less grubby than paper money, because the non-porous surface doesn't absorb perspiration, body oils, or liquids. In fact, the plastic money is virtually waterproof, so the bills won't be ruined if they are left in a pocket by mistake and end up in the washing machine. Actually, plastic money can take a lot of abuse. You can bend and twist plastic currency without damaging it.

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Plastic Money Better than Paper Money

  1. 1. PLASTIC MONEY IS BETTER THEN PAPER MONEY Presented By: Sunita Amir Umair Qureshi S.M.Younus Kamran Ahmed
  2. 2. WHAT IS MONEY??? Money means more than the coin, paper or plastic to acquire goods and services. Money is linked to complex emotions, feelings and behaviors. Each person has "money messages" that are based on past experiences, what you observed and what you were taught. These money messages reflect the attitudes, perceptions and expectations that influence your financial behaviors today.
  3. 3. MONEY IS POWER”, OR SHALL WE SAY, “THE MONOPOLY TO CREATE CREDIT MONEY AND CHARGE INTEREST IS ABSOLUTE POWER”. -ALEX JAMES
  4. 4. PAPER MONEY  Currency in the form of government notes and bank notes  Cash in the form of banknotes  Currency in paper form, such as government bank notes, as distinguished from metal currency.
  5. 5. HISTORY The paper was firstly originated as in the form of coins of semi precious metals But it was very soon replaced by the currency notes due to problems like their heavy weights, depreciation, leas availability of metals and difficulty of carrying bulk amounts. Today bank notes have even become water and fire proof ensuring long life and lesser depreciation
  6. 6. SOME INTERESTING FACTS  Most banknotes are made from cotton paper with a weight of 80 to 90 grams per square meter. The cotton is sometimes mixed with linen, abaca, or other textile fibers.  Early Chinese banknotes were printed on paper made of mulberry bark and this fiber is used in Japanese banknote paper today.  Unlike most printing and writing paper, banknote paper is infused with polyvinyl alcohol or gelatin to give it extra strength.  Most banknotes are made using the mold made process in which a watermark and thread is incorporated during the paper forming process  The thread is a simple looking security component found in most banknotes. It is however often rather complex in construction comprising fluorescent, magnetic, metallic and micro print elements.
  7. 7. USES OF MONEY     Medium Of Exchange Unit Of Account Storage Of Value Standard Of Deferred Payment
  8. 8. Plastic Money  Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. It includes Debit cards, ATM, Smart cards, etc.
  9. 9. TYPES OF CARDS       Debit Card Credit Card Charge Card Amex Card Smart Card Photo Card       Maser Card and VISA Diner Club Card Global Card Co Branded card Affinity Cards Add on Cards
  10. 10. ADVANTAGES  Offer free use of funds, provided you always pay your balance in full, on time.  Be more convenient to carry than cash.  Help you establish a good credit history.  Provide a convenient payment method for purchases made on the Internet and over the telephone.  Give you incentives, such as reward points, that you can redeem
  11. 11. DISADVANTAGES  Cost much more than other forms of credit, such as a line of credit or a personal loan, if you don't pay on time.  Damage your credit rating if your payments are late.  Allow you to build up more debt than you can handle.  Have pretty complicated terms and conditions
  12. 12. STATEMENT H0: Plastic Money is better then Paper Money HA: Plastic Money is not better then Paper Money
  13. 13. METHOD This research was conducted by questionnaire and investigated multiple age groups to identify the preference and usage of Plastic Money over Paper Money. A total of 29 questionnaires were distributed among students, colleagues, employees, business individuals… to gauge the open ended results.
  14. 14. BASIC CRITERIA Age Group:  18 – 25  26 – 33  34 – 41  42 & above Profession:  Business Individuals  Students  Employed  House Wives Income Range:  < 150,000  150,000 - 300,000  300,000 – 450,000  > 450,000
  15. 15. Study outcomes
  16. 16. CONCEPT OF PLASTIC MONEY
  17. 17. AVAILABILITY OF PLASTIC MONEY 70% 65% 60% 50% 40% 30% 20% 10% 0% Card
  18. 18. PAYMENT PREFERENCES 13% Both 65% Card 35% Cash 0% 20% 40% 60% 80%
  19. 19. HOLDING PREFERENCES Cash, 35% Card, 65%
  20. 20. RELIABILITY 65% 35% 13% Cash Card Both
  21. 21. EXPENSIVE Card Cash 65% 35%
  22. 22. SECURITY Cash 35% Card 65%
  23. 23. RESPONDENT APPROACH  Not preferring Paper Money 48% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 14% 3% Fear of Theft Increasing Duplicity Wear and Tear of Paper Money 4%  4% 4% 3% 3% 2% 2% 1% 1% 0% Not preferring Plastic Money 2% 2% 1% Instable income 1% Lack of Mal Mal Lack of knowledge practices by practices by Trust Misuse outlet Bankers by other owners
  24. 24. RESPONSES
  25. 25. CALCULATIONS Data:  Total Numbers (n) = 29  Population Mean (x)= 2.65 (µ)  Pop. St. Deviation = 0.875  Alpha (α) = 0.05 T cal(0.05)= ±1.645 T-Test = 2.65 – 2.64 (0.875)/ √29 = 2.089 Conclusion: Accept H0 1.6 5
  26. 26. CONCLUSION Thus we could conclude that in the era we are living the use of the “Plastic Money” have drastically increased and people prefer more use of plastic money as compared to paper money.
  27. 27. RECOMMENDATION The stake holders need to play a vital role in expending the role of Plastic Money, thus by giving awareness and literacy to the consumers. Adopt practices which reduce risk and fraudulent experiences.

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