Business Studies

On BST, the topic of currency is what we are on, following what we now know about such currency and how it has changed over time. We were then tasked with looking at how we can change or give our own version of notes. In the task it's as follows:

Year 9 Money Task

 

You have been approached by the Reserve Bank of New Zealand in order to create two new banknotes to be put into circulation. You can either create a new value of your choosing, or stick with one of the current values ($1, $2, $5, $10, $20, $50 or $100). You must keep in mind the 8 characteristics of good currency:

-         Generally accepted

-         Durable

-         Divisible

-         Stable/ consistent

-         Transportable

-         Scarce

-         Easily Recognisable

-         Difficult to counterfeit

Your money must also be relevant to New Zealand, Christchurch or Hornby High School, and feature an image or images that are important to either of the three locations.

After creating your currency, you must write a paragraph explaining how your currency meets at least five of the eight criteria for good currency, as well as why you chose the images you did. You must then present your currency and paragraph on your blog. You need to include:

Both sides of two notes you have created

A separate annotated diagram of one your notes, labelling it’s characteristics

A paragraph explaining how your money meets at least 5 characteristics and why you chose the images you did

This note is worth 50 dollars as you can see and comprehend, much like the normal, usual banknotes it is made out of polymer, unlike some of its counterparts on other nations. Some are comprised of paper which is less durable than polymer, therefore, proving that polymer is indeed a better material to use for banknotes. Similarly to the other notes of New Zealand, this would be generally accepted as it is or will be 'imaginatively' used in transactions for goods in this country. The amount of 50 is indeed quite divisible by some extent as it is not only a whole number but also a number that is the multiples of ten which is quite easily divided by making efficient to use this currency than for example, 56. As time pass by this note will not wear off unless very, very, very heavily used, and will have the same value many many years from the present. Recognizable it is, the amount is written in the note quite boldly on the front as well as the back. Not only is it recognizable it is difficult, extremely, to counterfeit, the border, but the metallic transparent 'window' is also an anti-counterfeiting agent. The ink that is used in imprinting the note, the fern, the serial number are all in to avoid an easy counterfeit.