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Pertemuan Ke-13
Sesuatu yang dapat berfungsi secara umum sebagai sarana pertukaran barang dan jasa, asset, dan pembayaran terhadap utang-utang.
pembayaran utang)
1. Portability:
2. Durability: 3. Divisibility:
4. Standardizability:
5. Recognizability:
Sejarah Uang
Barter Commodity money(gold or silver)
Fiat money :
Barter
Paper money
(certificate)
Electronic money
(e-money)
Intangible money
Bank money
(demand deposit)
PERMINTAAN UANG
MV = Py
Where : M : nominal quantity of money V : income velocity of money P : price level
household desire to hold some fraction of their nominal income as money (in cash)
Where: Md : total quantity of money all individuals in the economy desire to hold k : a fraction (0<k<1) Py : nominal value of output = nominal income earned by household
Md = kPy
Conclusion
The idea behind the classical theory :
The key function of money is its
usefulness as a medium of exchange There are two motive for holding money: Transaction motive Precautionary motive
V =1/k
k is constant in the long-run, so v in the classical model is constant to
+(
TERIMA KASIH