Impact Of Plastic Money On Paper Money
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MBA Thesis Proposal
THE IMPACT OF PLASTIC MONEY ON PAPER MONEY
Submitted By MUHAMMAD MUSTAFEEZ ARBANI 1526
Supervisor DR. BASHEER AHMAD SAMIM
IQRA UNIVERSITY July 2008
CONTENTS •
• •
•
PAGE Nos. Chapter I - INTRODUCTION.……………..……………………………………..3 a. Introduction………………………………………………………………..4 b. Statement of the Problem………………………………………………….4 c. Aims & Objective...…………………………………………………….....4 d. Research Question and Hypothesis………………………………………..4 Chapter II – BACKGROUND…….…………………..…………………………..5 a. Literature Review………………………………………………………….5 Chapter III – METHODOLOGY…………………….…….…………………..….6 a. Literature Review………………………………………………………….6 b. Population and Sampling………………………………………………….6 c. Procedure and Time Frame………………………………………………..6 REFERENCES………………...…………………….…….…………………..….7
CHAPTER I - INTRODUCTION INTRODUCTION: Paper money was first used in China around the seventh century AD, only to be outlawed in 1455. The use of folding currency re-emerged in England in 1694. The biggest problem which was occurring with the paper note is the wear; the paper note has very small life due to shifting of ownership by time to time and their usage. Firstly Australia was the first who develop the plastic note which have longer life but after wore they are recycled for further utilizing. The plastic notes also secure the government for copying because paper note easily copied but plastic note can not be copied. The plastic note are same as paper but the only difference is that they are made of plastic and more secured but in traveling and shopping people used to carry huge cash which was very unsecured and also increasing crime rate. Then the cards are introduced in the world to resolve the issue of carrying huge cash. Then the cards are known as Plastic Money. The usage of plastic money(Cards) has increased in the mode of payment of huge amount and time by time there are lots of different types of plastic money has introduced which enhanced the features of plastic money like we can use it to anywhere in the world and etc. Now the world is becoming globalize so every card is accepted everywhere with the power of VISA which interconnect the different countries. As we have the different type of card as listed below: 1. Credit Card 2. Debit Card 3. Charge Card 4. Amex Card 5. MasterCard & Visa 6. Smart Card 7. Dinners Club Card 8. Photo Card 9. Global Card 10. Co-branded Card 11. Affinity Card 12. Add-on Card These cards are performing the function of money with different ways. These cards are accepted worldwide, in which you can utilize your own money and also bank’s money. The card through which you spend your own money is known as debit card. The card through which you spend the amount of bank as loan is called credit card.
STATEMENT OF THE PROBLEM: “The usage of paper money is decreasing or Paper money is loosing their status.”
AIMS & OBJECTIVE: “The object of this research is to identify the factors which affect the status of paper money and increasing the usage of plastic money & why the plastic money usage has increased?”
RESEARCH QUESTION & HYPOTHESIS: HO: Paper money is reliable? HA: Paper money is not reliable? HO: Paper money is secured? HA: Paper money is not secured? HO: Paper money is easy to keep & carry? HA: Paper money is not kept & carries? HO: Paper money has more life time? HA: Paper money has not more life time? HO: Paper money is not copy able? HA: Paper money is copy able? HO: Plastic money is reliable? HA: Plastic money is not reliable? HO: Plastic money is secured? HA: Plastic money is not secured? HO: Plastic money is easy to keep & carry? HA: Plastic money is not kept & carries? HO: Plastic money has more life time? HA: Plastic money has not more life time? HO: Plastic money is not copy able? HA: Plastic money is copy able?
CHAPTER II - BACKGROUND LITERATURE REVIEW: Australia leads the world in plastic banknote technology. Due to the problem faced with the paper note the invention of plastic money has been introduced. The paper money has small life cycle and can’t be recycled but as compared with the plastic money which has long life cycle and can be recycled for further utilization in making plumbing fittings and etc. Plastic money is secured and can not be copied. As we know that Australia was the first country to have all polymer banknotes, but the rest of the world is starting to follow our lead. There one problem arise that we cannot keep the huge amount of cash with us so they give the idea of Plastic cards which known as plastic money accepted worldwide and we can keep the huge amount with us while going to anywhere in the world. The plastic money makes the society as cashless societies. As the usage of plastic cards are increasing the number of supplier are also increased which offering the different features. Some suppliers (Bankers) are charging the hidden charges and high interest rate. The agent who convince the people to get the credit card by offering the wonderful packages but in reality agent is hidden some important fact which was disclose after the receiving of the bill. In Pakistan first plastic money is introduced by the Habib Bank which was not get the familiarity among people and then Allied bank’s Master card was launched which was very popular among the customers, then different banks come up with their different form of credit and debit cards. As we know that there are some drawback of plastic money but there are some positive signal of plastic money just take the example of Shoe industry; the sales of shoes hit a record 45 per cent increase to Rs. 57 million at six reputed century old shoes outlets in Karachi
CHAPTER III - METHODOLOGY Paper money was first used in China around the seventh century AD, only to be outlawed in 1455. The biggest problem which was occurring with the paper note is the wear so to overcome that plastic money has introduced. For that I will use the Multiple Regression Analysis to analyze the factors which affecting the both types of money.
POPULATION & SAMPLING: The Population is the whole Karachi in which I have selected the following area as a sample:
Garden Ranchore Line Gulshan-E-Iqbal Clifton Nazimabab 1
INSTRUMENTATION: Questionnaires will be used as instrument to collect the data. It’s selected due to easy access and we get the all information which we need in generalized form. It covers the survey and personal interview.
PROCEDURE & TIME FRAME:
WORK SCHEDULE PLAN: o o o o
Literature Review Data Collection Analysis Final Write-up & Thesis Submission
One Month One Month Two Weeks Six Weeks
REFERENCES 1. www.Rediff.com 2. Plastic money boosts sales at 6 shoes outlets by 45 percent, Razi Syed, Daily Times, 3. www.instecdigital.com/1/plastic.htm 4. http://ezinearticles.com/?expert=Syed_Rizwan_Ali 5. http://www.questacon.edu.au/html/assets/pdf/plastic_money.pdf 6. A durable idea. Economist, 00130613, 2/5/2005, Vol. 374, Issue 8412 7. http://www.shayonslabyrinth.com/2008/04/plastic-money-credit-cards.html 8. Plastic money trick: Credit today grows cash tomorrow, Economic Times, The (India); 01/24/2008 9. Plastic money: Does it have a future? Pulp & Paper, 00334081, Jul98, Vol. 72, Issue 7 10. Wood, Andrew, Chemical Week; 5/13/98, Vol. 160 Issue 18, p64, 0p, 1 color 11. The Washington Post Writers Group, No going back to paper, plastic money is in currency 22 Jun, 2007 12. The Reserve Bank of Australia http://www.rba.gov.au 13. http://www.sbp.org.pk 14. News on Credit Union Journal, July 07, 2008 15. ANA MONTEIRO, Fine week Media 24 16. APACS WEBSITE, Plastic Cards _ History of Plastic Cards in the UK v1
THE IMPACT OF PLASTIC MONEY ON PAPER MONEY
Submitted By MUHAMMAD MUSTAFEEZ ARBANI 1526
Supervisor DR. BASHEER AHMAD SAMIM
IQRA UNIVERSITY July 2008
CONTENTS •
• •
•
PAGE Nos. Chapter I - INTRODUCTION.……………..……………………………………..3 a. Introduction………………………………………………………………..4 b. Statement of the Problem………………………………………………….4 c. Aims & Objective...…………………………………………………….....4 d. Research Question and Hypothesis………………………………………..4 Chapter II – BACKGROUND…….…………………..…………………………..5 a. Literature Review………………………………………………………….5 Chapter III – METHODOLOGY…………………….…….…………………..….6 a. Literature Review………………………………………………………….6 b. Population and Sampling………………………………………………….6 c. Procedure and Time Frame………………………………………………..6 REFERENCES………………...…………………….…….…………………..….7
CHAPTER I - INTRODUCTION INTRODUCTION: Paper money was first used in China around the seventh century AD, only to be outlawed in 1455. The use of folding currency re-emerged in England in 1694. The biggest problem which was occurring with the paper note is the wear; the paper note has very small life due to shifting of ownership by time to time and their usage. Firstly Australia was the first who develop the plastic note which have longer life but after wore they are recycled for further utilizing. The plastic notes also secure the government for copying because paper note easily copied but plastic note can not be copied. The plastic note are same as paper but the only difference is that they are made of plastic and more secured but in traveling and shopping people used to carry huge cash which was very unsecured and also increasing crime rate. Then the cards are introduced in the world to resolve the issue of carrying huge cash. Then the cards are known as Plastic Money. The usage of plastic money(Cards) has increased in the mode of payment of huge amount and time by time there are lots of different types of plastic money has introduced which enhanced the features of plastic money like we can use it to anywhere in the world and etc. Now the world is becoming globalize so every card is accepted everywhere with the power of VISA which interconnect the different countries. As we have the different type of card as listed below: 1. Credit Card 2. Debit Card 3. Charge Card 4. Amex Card 5. MasterCard & Visa 6. Smart Card 7. Dinners Club Card 8. Photo Card 9. Global Card 10. Co-branded Card 11. Affinity Card 12. Add-on Card These cards are performing the function of money with different ways. These cards are accepted worldwide, in which you can utilize your own money and also bank’s money. The card through which you spend your own money is known as debit card. The card through which you spend the amount of bank as loan is called credit card.
STATEMENT OF THE PROBLEM: “The usage of paper money is decreasing or Paper money is loosing their status.”
AIMS & OBJECTIVE: “The object of this research is to identify the factors which affect the status of paper money and increasing the usage of plastic money & why the plastic money usage has increased?”
RESEARCH QUESTION & HYPOTHESIS: HO: Paper money is reliable? HA: Paper money is not reliable? HO: Paper money is secured? HA: Paper money is not secured? HO: Paper money is easy to keep & carry? HA: Paper money is not kept & carries? HO: Paper money has more life time? HA: Paper money has not more life time? HO: Paper money is not copy able? HA: Paper money is copy able? HO: Plastic money is reliable? HA: Plastic money is not reliable? HO: Plastic money is secured? HA: Plastic money is not secured? HO: Plastic money is easy to keep & carry? HA: Plastic money is not kept & carries? HO: Plastic money has more life time? HA: Plastic money has not more life time? HO: Plastic money is not copy able? HA: Plastic money is copy able?
CHAPTER II - BACKGROUND LITERATURE REVIEW: Australia leads the world in plastic banknote technology. Due to the problem faced with the paper note the invention of plastic money has been introduced. The paper money has small life cycle and can’t be recycled but as compared with the plastic money which has long life cycle and can be recycled for further utilization in making plumbing fittings and etc. Plastic money is secured and can not be copied. As we know that Australia was the first country to have all polymer banknotes, but the rest of the world is starting to follow our lead. There one problem arise that we cannot keep the huge amount of cash with us so they give the idea of Plastic cards which known as plastic money accepted worldwide and we can keep the huge amount with us while going to anywhere in the world. The plastic money makes the society as cashless societies. As the usage of plastic cards are increasing the number of supplier are also increased which offering the different features. Some suppliers (Bankers) are charging the hidden charges and high interest rate. The agent who convince the people to get the credit card by offering the wonderful packages but in reality agent is hidden some important fact which was disclose after the receiving of the bill. In Pakistan first plastic money is introduced by the Habib Bank which was not get the familiarity among people and then Allied bank’s Master card was launched which was very popular among the customers, then different banks come up with their different form of credit and debit cards. As we know that there are some drawback of plastic money but there are some positive signal of plastic money just take the example of Shoe industry; the sales of shoes hit a record 45 per cent increase to Rs. 57 million at six reputed century old shoes outlets in Karachi
CHAPTER III - METHODOLOGY Paper money was first used in China around the seventh century AD, only to be outlawed in 1455. The biggest problem which was occurring with the paper note is the wear so to overcome that plastic money has introduced. For that I will use the Multiple Regression Analysis to analyze the factors which affecting the both types of money.
POPULATION & SAMPLING: The Population is the whole Karachi in which I have selected the following area as a sample:
Garden Ranchore Line Gulshan-E-Iqbal Clifton Nazimabab 1
INSTRUMENTATION: Questionnaires will be used as instrument to collect the data. It’s selected due to easy access and we get the all information which we need in generalized form. It covers the survey and personal interview.
PROCEDURE & TIME FRAME:
WORK SCHEDULE PLAN: o o o o
Literature Review Data Collection Analysis Final Write-up & Thesis Submission
One Month One Month Two Weeks Six Weeks
REFERENCES 1. www.Rediff.com 2. Plastic money boosts sales at 6 shoes outlets by 45 percent, Razi Syed, Daily Times, 3. www.instecdigital.com/1/plastic.htm 4. http://ezinearticles.com/?expert=Syed_Rizwan_Ali 5. http://www.questacon.edu.au/html/assets/pdf/plastic_money.pdf 6. A durable idea. Economist, 00130613, 2/5/2005, Vol. 374, Issue 8412 7. http://www.shayonslabyrinth.com/2008/04/plastic-money-credit-cards.html 8. Plastic money trick: Credit today grows cash tomorrow, Economic Times, The (India); 01/24/2008 9. Plastic money: Does it have a future? Pulp & Paper, 00334081, Jul98, Vol. 72, Issue 7 10. Wood, Andrew, Chemical Week; 5/13/98, Vol. 160 Issue 18, p64, 0p, 1 color 11. The Washington Post Writers Group, No going back to paper, plastic money is in currency 22 Jun, 2007 12. The Reserve Bank of Australia http://www.rba.gov.au 13. http://www.sbp.org.pk 14. News on Credit Union Journal, July 07, 2008 15. ANA MONTEIRO, Fine week Media 24 16. APACS WEBSITE, Plastic Cards _ History of Plastic Cards in the UK v1
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