money and banking all values in the

money and banking
all values in the economic system are measured in terms of money. our goods and services are sold for money, and that money is in turn exchanged for other goods and services. coins are adequate for small transactions, while paper notes are used for general business . there is additionally a wider sense of the word 'money', covering anything which is used as a means of exchange, whatever form it may take. originally, a valuable metal (gold,silver or copper) served as a constant store of value, and even today the american dollar is technically 'backed' by the store of gold which the US government maintains . because gold has been universally regarded as a very valuable metal, national currencies were for many years judged in terms of the so-called 'gold standard'. nowadays however national currencies are considered to be as strong as the national economies which support them.

valuable metal has generally been replaced by paper notes. these notes are issued by governments and authorized banks, and are knows as 'legal tender'. other arrangements such as cheques and money orders are not legal tender. they perform the function of substitute money and are known as ' instruments of credit'. credit is offered only when creditors believe that they have a good chance of obtaining legal tender when they present such instruments at a bank or other authorized institution. if a man's assets are known to be considerable, then his credit will be good. if his assets are in doubt, then it may be difficult for him to obtain large sums of credit or even to pay for goods with a cheque

the value of money is basically its value as a medium of exchange, or, as economists put it,its 'purchasing power'. this purchasing power is dependent on supply and demand. the demand for money is reckonable as the quantity needed to effect business transactions. an increase in business requires an increase in the amount of money coming into general circulation. but the demand for money is related not only to the quantity of business is done. the supply of money, on the other hand, is the actual amount in notes and coins available for business purposes. if too much money is available, its value decreases, and it does not buy as much as it dit, say, five years earlier. this condition is known as 'inflation'

banks are closely concerned with the flow of money into and out of the economy. they often co-operate with governments in efforts to stabilize economies and to prevent inflation. they are specialists in the business of providing capital, and in allocating funds on credit. banks originated as places to which people took their valuables for safe-keeping, but today the great banks of the world have many functions in additional to acting as guardians of valuable private possessions

Hasil (Bahasa Indonesia) 1:

uang dan perbankan semua nilai di sistem ekonomi diukur dalam hal uang. kami barang dan jasa yang dijual untuk uang, dan uang itu pada gilirannya ditukar untuk barang dan layanan lainnya. koin memadai untuk transaksi yang kecil, sementara kertas catatan digunakan untuk bisnis umum. Selain itu ada rasa yang lebih luas dari kata 'uang', menutupi apa pun yang digunakan sebagai alat tukar menukar, bentuk apa pun yang mungkin diperlukan. awalnya, logam berharga (emas, perak atau tembaga) menjabat sebagai suatu simpanan nilai konstan, dan bahkan hari ini dolar Amerika secara teknis 'didukung' oleh toko emas yang pemerintah A.S. menyimpan. karena emas telah secara universal dianggap sebagai logam yang sangat berharga, mata uang nasional yang selama bertahun-tahun yang dinilai dalam hal apa yang disebut 'standar emas'. saat ini namun mata uang nasional dianggap menjadi sekuat ekonomi nasional yang mendukung mereka. valuable metal has generally been replaced by paper notes. these notes are issued by governments and authorized banks, and are knows as 'legal tender'. other arrangements such as cheques and money orders are not legal tender. they perform the function of substitute money and are known as ' instruments of credit'. credit is offered only when creditors believe that they have a good chance of obtaining legal tender when they present such instruments at a bank or other authorized institution. if a man's assets are known to be considerable, then his credit will be good. if his assets are in doubt, then it may be difficult for him to obtain large sums of credit or even to pay for goods with a chequethe value of money is basically its value as a medium of exchange, or, as economists put it,its 'purchasing power'. this purchasing power is dependent on supply and demand. the demand for money is reckonable as the quantity needed to effect business transactions. an increase in business requires an increase in the amount of money coming into general circulation. but the demand for money is related not only to the quantity of business is done. the supply of money, on the other hand, is the actual amount in notes and coins available for business purposes. if too much money is available, its value decreases, and it does not buy as much as it dit, say, five years earlier. this condition is known as 'inflation'Bank yang erat berkaitan dengan aliran uang masuk dan keluar dari ekonomi. mereka sering bekerja sama dengan pemerintah dalam upaya untuk menstabilkan ekonomi dan mencegah inflasi. mereka adalah spesialis dalam bisnis menyediakan modal, dan mengalokasikan dana kredit. Bank yang berasal sebagai tempat untuk orang-orang yang mengambil barang-barang berharga untuk penyimpanan, tapi hari ini bank-bank besar di dunia memiliki banyak fungsi tambahan untuk bertindak sebagai penjaga berharga milik pribadi