Commerce notes kenara weerabaddana

Money

Characteristics:

* Divisible

* Portable

* Durable

* Scarce

* Acceptable

Security features:

* Clear top-bottom window

* Polymer Substrate

* 3D image when tilted

* Colour changing and moving bird when tilted

* Reversed number when tilted

* Rolling clour effect when tilted

* Image in small window

* Intaligo print

* Background print

* Microprint

* Flourescent Ink

How do we get money:

Banknotes are issued by the Reserve Bank.

Reserve bank make sure that there are a sufficient amount of banknotes to meet the public demands.

Sources of Personal Income-

* Operating a business (profit)

* Buying shares (divedend)

* Work or labour (Wage)

* Lending money (interest)

* Owning property (Rent)

Legal tender:

Australian Banknotes are a legal tender throughout Australia. A payment of coins is a legal tended throughout Australia, if it is Australian made. But there is a restriction on how much can be paid my coin.

You can up to $5 with cent coins. Up to 10x the face value of $! & $2

Counterfeiting:

An ancient activity. Counterfeiting coins is much harder than notes, as note require skilled drafts people.

To combat the problem of counterfeiting, governments throughout the world have developed special characteristics on their money.

1992 Australia, we created money on polymer, which mad it much harder to counterfeit money, and more durability.

Cashless society:

A cashless consumer needs - Opal Card, Apple Pay, Debit Card, Credit Card, GIft Card, Cheques, Pay Pal, Coupons, Vouchers, Flybuys.

Corona virus pandemic has shifted the way people mostly pay in the past decade.

“More household will get used to just carrying a card as opposed to carrying around cash.” - Gareth Aird CB

Timeline:

Bartering (trading) - 6000 B.C

Physical objects - 1000 B.C

Paper Money - 80C

Gold - 1816

Credit Cards - 1950

E-money - 1994

Crypto - 2009

Travel

Types of tourism:

* Cultural tourism - to experience festivities and see ancient ruins.

* Ecotourism - Nature based forms of tourism that support appreciation of nature.

* Recreational tourism - visit natural places for leisure.

* Mass tourism - a large amount of tourists visit the same place at the same time, because of festivities or events.

* Sports tourism - when there is a significant sporting event and everyone gathers. (olympics)

* Religious tourism - travel to certain religiously involved regions. pilgrimage.

* Health tourism - for critical medical procedures. Spinal surgery.

* Adventure tourism - common for adrenaline junkies, extreme sports/activities.

* Business tourism - to attend conferencesot trade fairs. New York.

* Culinary tourism - For culinary reasons, cooking school.

* Voluntourism - involves community work.

Contribution of tourism:

* Economic Impact: Generating trillions of dollars in revenue worldwide. It creates employment opportunities in various sectors, from hospitality to transportation, supporting millions of livelihoods.

* Cultural Exchange: Tourism fosters cultural understanding and exchange, allowing travelers to experience different traditions, languages, and lifestyles. This promotes global awareness and appreciation of diversity.

* Infrastructure Development: Increased tourism often leads to improved infrastructure, including transportation, communication, and public services, benefiting local communities.

* Conservation: Many tourist destinations focus on preserving natural and cultural heritage, leading to conservation efforts that protect ecosystems and historical sites.

* Local Business Growth: Tourism boosts local economies by supporting small businesses, including restaurants, shops, and artisans, and encourages entrepreneurship.

* Government Revenue: Tourism generates tax revenue for governments, which can be reinvested in public services and infrastructure.

* Social Development: It can contribute to community development by funding education, healthcare, and social programs in tourist areas.

Things to keep in factor when planning:

* Personal - culture, hsitory, familial ties. Travelling with family and friends. Age, education, and cultural background.

* Political situations - no political rest. War, instability, citizens may decide to flee the country.

* Financial - choosing accomodation, places they travel, activities, taking out loans.

* Documentations (visa, valid passport, itinerary, ariline, hote, insurance, bookings)

* Threats (political unrest, war, disease, weasther, finacnial instability)

* Protecting yourself (main areas, local, government authoritiesm valuables, insurance)

* Destination (laws and customs, foreign exchange, language barrier, time difference, baggage allowance.)

* Health (vaccinations, disease, quarantine)

Advantages and disadvantages of means of travel

Means of Travel

Advantages

Disadvantages

1. Road

* You can leave/stop to your wishes.

* No baggage limit

* Traffic

* Petrol

* longer

2. Rail

* No traffic

* Environmentally friendlier

* Dependent on your safety

* Punctuality matters

3. Air

* Very quick

* Weather influences

* Weight limit

* No pets

* expensive

4. Sea

* Time efficient

* Sea sickness

* Weather influences

Sources of information used to identify appropriate travel destinations:

* Media (youtube, newspaper, social media)

* Travel Agent

* Magazines (Travel brochures, maps)

* People (family, friend, colleagues)

* Websites (man in 61, trip advisor, smart traveller.com, lonely planet)

Developing an itenerary:

* Location

* Price

* Reliability

* Comgort

* Time

* Availability

* Security

* interests

Where to stay

Getting around

What to see and do

* Tent

* Caravan

* Hostel

* Hotel

* Motel

* Guest house

* resort

* Walk

* Cycle

* Taxi

* Hire car

* Bus

* Train

* monorail

* Tram

* ferry

* Cultural events

* Sporting events

* Architecture

* Gardens

* Markets

* Theatere

* Exhibitions

* Fashions

* Nightclubs

* Ceremonies

* Monuments

* galleries

Impact of covid-19 on tourism:

* Made it harder for australians overseas to apply for a passport

* Must practice social distancing

* Severe decline in travel

* Economic consequences

* Health and safety protocols

* Future trends

Passports:

* Your name on your passport will be your birth certificate name, but you can change the name on your passport if you registered on the most recent passport.

* A replacement passport is if you need a new one.

* A replacement passport is either free or has a reduced fee.

* Renewal passport is the standard fee and last for 5-10 years.

Travel Insurance:

5 major companies that offer australian travel insurance: Cover more, NRMA, iselect, AIMEE, Travel Direct.

Advice on Travel insurance:

1. Understand your istuatuoon

2. Insurance is a form of protection

3. Vary the excess on a plane

4. Frequent travellers can purchase an annual policy

5. Travellers are already insured via their credit card.

Exchange rate:

-value of one currency in terms og another currency

1AUD = 0.52 pence (UK)

1000AUD = 520 pounds (U)

Airport Security

1. Passport - Biometric passport.

* E passport

* Security chip - face - fingerprints

2. Metal Detectors- scanner millimetre wave scanner

* Hand luggage on conveyer belt scanner (detects anything metal or liquid in excess of 100ml) (x-ray items)

* Small changes, belts, technology, coats, scarves, scissors, nail file, lithium batteries.

3. Explosive trace - detection wand - detects explosives in personal belongings