Post by account_disabled on Mar 10, 2024 23:08:17 GMT -7
using demand deposits will be very difficult. Therefore, in terms of convenience, both of them win from various points of view. . Nature According to its definition, demand deposit money is also a legal means of payment. However, unfortunately not many people know this, so it is natural that many people still refuse to pay using demand deposits. Because this money is not a legal means of payment, even though it can still be used. This is different from currency which is a legal means of payment. Of course, everyone is obliged to accept this type of money as a means of transaction or payment.
Therefore, in terms of properties, currency is much stronger than demand deposits. Also read: Giral Money: Definition, Advantages and Disadvantages . Issuing Party In terms of the issuing party, there are also differences in that currency, which Panama mobile number list acts as legal means of payment, can only be the main bank or central bank that makes and issues it. In this case, Bank Indonesia (BI), as the highest authority in Indonesia, is the only institution that has the right to print money in accordance with applicable law. Meanwhile, for demand deposits, all commercial banks that have permits other than BI have the right to issue this type of money. This difference is due to the fact that up to now.
The only means of payment that is considered legal in Indonesia is currency, so BI as the central bank only has the right to print this type of money. . Circulation System As for currency itself, it circulates and applies to all aspects and in various circles as a legal means of payment and exchange in Indonesia. It doesn't even matter whether it is a large or small transaction. Done in large or small places, currency is definitely valid. So its circulation is very wide and reaches various groups. Different conditions occur with demand deposits which only circulate in certain circles. Not everyone has and wants to use this type of money. Usually only owned by companies or people who prioritize convenience.
Therefore, in terms of properties, currency is much stronger than demand deposits. Also read: Giral Money: Definition, Advantages and Disadvantages . Issuing Party In terms of the issuing party, there are also differences in that currency, which Panama mobile number list acts as legal means of payment, can only be the main bank or central bank that makes and issues it. In this case, Bank Indonesia (BI), as the highest authority in Indonesia, is the only institution that has the right to print money in accordance with applicable law. Meanwhile, for demand deposits, all commercial banks that have permits other than BI have the right to issue this type of money. This difference is due to the fact that up to now.
The only means of payment that is considered legal in Indonesia is currency, so BI as the central bank only has the right to print this type of money. . Circulation System As for currency itself, it circulates and applies to all aspects and in various circles as a legal means of payment and exchange in Indonesia. It doesn't even matter whether it is a large or small transaction. Done in large or small places, currency is definitely valid. So its circulation is very wide and reaches various groups. Different conditions occur with demand deposits which only circulate in certain circles. Not everyone has and wants to use this type of money. Usually only owned by companies or people who prioritize convenience.