Money

Money in traditional economics is defined as any generally accepted means of exchange. The exchange instrument can be any object that can be accepted by everyone in the community in the process of exchange of goods and services. In modern economics, money is defined as something available and generally accepted as a means of payment for the purchase of goods and services and other valuable property and for repayment of debt. Some experts also mention the function of money as a means of delaying payment. In conclusion, money is an object generally accepted by society to measure value, exchange, and make payments on the purchase of goods and services, and at the same time acts as a stockpile of wealth.

The existence of money provides an easier alternative transaction than a more complex, inefficient, and less

Money in traditional economics is defined as any generally accepted means of exchange. The exchange instrument can be any object that can be accepted by everyone in the community in the process of exchange of goods and services. In modern economics, money is defined as something available and generally accepted as a means of payment for the purchase of goods and services and other valuable property and for repayment of debt. Some experts also mention the function of money as a means of delaying payment. In conclusion, money is an object generally accepted by society to measure value, exchange, and make payments on the purchase of goods and services, and at the same time acts as a stockpile of wealth.

The existence of money provides an easier alternative transaction than a more complex, inefficient, and less suitable barter used in modern economic systems because it requires people who have the same desire to exchange and also difficulties in determining value. The efficiency gained by using money will ultimately encourage trade and the division of labor that will then increase productivity and prosperity.

Initially in Indonesia, money-in this case currency-was issued by the government of the Republic of Indonesia. However, since the issuance of Law no. 13 year 1968 article 26 paragraph 1, the government's right to print money is revoked. The government then established the Central Bank, Bank Indonesia, as the only institution entitled to create currency. The right to create money is called the right of octroi.
suitable barter used in modern economic systems because it requires people who have the same desire to exchange and also difficulties in determining value. The efficiency gained by using money will ultimately encourage trade and the division of labor that will then increase productivity and prosperity.

Initially in Indonesia, money-in this case currency-was issued by the government of the Republic of Indonesia. However, since the issuance of Law no. 13 year 1968 article 26 paragraph 1, the government's right to print money is revoked. The government then established the Central Bank, Bank Indonesia, as the only institution entitled to create currency. The right to create money is called the right of octroi.