Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
52Activity
0 of .
Results for:
No results containing your search query
P. 1
Plastic Money

Plastic Money

Ratings: (0)|Views: 2,054 |Likes:
Published by ahmad7920005675

More info:

Published by: ahmad7920005675 on Jun 23, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

09/02/2014

pdf

text

original

 
 1
Executive summery
Plastic Money business is definitely going big time here in Pakistan. In a countrywhere two years back people have hardly heard the word plastic money or creditcard, more than 7000 merchants are accepting above 140,000 cards.It has been estimated that there are likely to be around half million potential cardusers in the near future. This forecasting derives credibility from the fact that moreand more local and international financial institutions are exhibiting enthusiasm inthis direction. This in turn reflects prospects in Pakistan market in accommodatingnumerous credit card competitors operating on the circuit, ensuring healthy andcompetitive card business deals So we have also made our project on this topic our  project includes
 
H
istory of money
 
G
eneral Types of Plastic money
 
G
lobal players in credit cards
 
Scenario of plastic money in pakistan
 
A
nalysis of banking products
 
B
ank 
A
lfalah limited
 
Standered chartered bank 
 
Survey
 
SWOT analysis
 
 2
BARTER:
The first people didn't buy goods from other people with money. They used barter.
B
arter is theexchange of personal possessions of value for other goods that you want. This kind of exchangestarted at the beginning of humankind and is still used today. From 9,000-6,000
B
.C., livestock was often used as a unit of exchange. Later, as agriculture developed, people used crops for barter.For example, I could ask another farmer to trade a pound of apples for a pound of bananas.
SHELLS:
 
A
t about 1200
B
.C. in China, cowry shells became the first medium of exchange, or money. The cowry has served as money throughouthistory even to the middle of this century.
FIRST METAL MONEY:
China, in 1,000
B
.C., produced mock cowry shells at the end of the Stone
A
ge. They can be thought of as the original development of metal currency.In addition, tools made of metal, like knives and spades, were also used inChina as money. From these models, we developed today's round coins thatwe use daily. The Chinese coins were usually made out of base metalswhich had holes in them so that you could put the coins together to make achain.
SILVER:
 
A
t about 500
B
.C., pieces of silver were the earliest coins. Eventually in time they took theappearance of today and were imprinted with numerous gods and emperors to mark their value.These coins were first shown in Lydia, or Turkey, during this time, but the methods were usedover and over again, and further improved upon by the
G
reek, Persian, Macedonian, and Romanempires. Not like Chinese coins, which relied on base metals, these new coins were composedfrom scarce metals such as bronze, gold, and silver, which had a lot of intrinsic value.
LEATHER CURRENCY:
In 118
B
.C., banknotes in the form of leather money were used in China. One-foot square pieces of white deerskin edged in vivid colors were exchanged for goods. This is believed to be the beginning of a kind of paper money.
NOSES:
During the ninth century
A
.D., the Danes in Ireland had an expression "To pay through the nose."It comes from the practice of cutting the noses of those who were careless in paying the Danish poll tax.
PAPER CURRENCY:
From the ninth century to the fifteenth century
A
.D., in China, the first actual paper currency wasused as money. Through this period the amount of currency skyrocketed causing severe inflation.
 
 3Unfortunately, in 1455 the use of the currency vanished from China. European civilization stillwould not have paper currency for many years.
POTLACH:
In 1500, North
A
merican Indians engaged in
 potlach
, a term that describes the exchange of gifts at banquets, dances, and various rituals. Since the trading of gifts was so important in figuring theleaders¶ community status, potlach went out of control as the gifts became more extravagant in aneffort to surpass others' gifts.
W
AMPUM:
In 1535, though likely well before this earliest recorded date, strings of beads made from clamshells, called
w
ampum
, are used by North
A
merican Indians as money.
Wampum
means white, thecolor of the clam sh
e
lls and the beads.
G
OLD STANDARD:
In 1816, England made gold a benchmark of value. This meant that the value of currency was pegged to a certain number of ounces of gold. This would help to prevent inflation of currency.The U.S. went on the gold standard in 1900.
DEPRESSION:
B
ecause of the depression of the 1930's, the U.S. began a world wide movement to end tyingcurrency to gold. Today, few nations tie the value of their currency to the price of gold. Other government and financial institutions now try to control inflation.
TODAY:
A
t present, nations continue to change their currencies. For example, the U.S. has already changedits $100 and $20 banknotes. More changes are in the works.
TOMORRO
W
:
Tomorrow is already here. Electronic money (or digital cash) is already being exchanged over theInternet.

Activity (52)

You've already reviewed this. Edit your review.
pooojajain liked this
1 thousand reads
1 hundred reads
manjupatra liked this
Raied Butt liked this
Husein Rangwala liked this
Yasir Mehmood liked this
sarvesh.bharti liked this
Moreen Chebii liked this
Shivam Dua liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->