Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)

The Analysis of the Effect of Interest Rate, Inflation, and Gold Prices on the Deposit Amount at PT. Bank Mandiri

Authors
Retta Melida Pasaribu, Fitrawaty, Muhammad Yusuf
Corresponding Author
Retta Melida Pasaribu
Available Online 22 February 2021.
DOI
10.2991/aebmr.k.210220.034How to use a DOI?
Keywords
Interest Rate, Inflation, Gold Price, Deposit
Abstract

The aims of the research are to analyze (1) the effect of interest rates on the amount of deposits at PT. Bank Mandiri KCP Ahmad Yani Medan period 2016-2019, (2) the effect of inflation on the amount of deposits at PT. Bank Mandiri on the branch office of Ahmad Yani in Medan period 2016-2019, (3) the effect of gold prices on the amount of deposits on the branch office of Ahmad Yani period 2016-2019. The type of research is Exploitation Research, namely research that aims to explain the actual condition and characteristics of a research object based on the information obtained and the research used the secondary data. The research result shows that the interest rate has no effect significantly on the amount of deposits on the branch office of Ahmad Yani. This is indicated by the insignificant probability value of the effect of interest rates on total deposits 0.3440 > 0.05. Inflation has no effect significantly on the amount of deposits on the branch office of Ahmad Yani. This is indicated by the insignificant probability value of the effect of inflation on the number of deposits 0.2650 > 0.05. Gold Price has a negative and significant effect on the amount of deposits of on the branch office of Ahmad Yani. This is indicated by the probability value of the effect of the gold price on the significant amount of deposits with a negative regression coefficient 0.0000 < 0.05 and a negative regression coefficient of -0.001407. The fall in the gold prices can increase the amount of public deposits on the branch office of Ahmad Yani. The amount of contribution given by the variable interest rate, inflation and gold price was 73,23% while the remaining 26,77% variance in the amount of public deposits was influenced by other factors apart from interest rates, inflation and gold prices.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
22 February 2021
ISBN
978-94-6239-339-4
ISSN
2352-5428
DOI
10.2991/aebmr.k.210220.034How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Retta Melida Pasaribu
AU  - Fitrawaty
AU  - Muhammad Yusuf
PY  - 2021
DA  - 2021/02/22
TI  - The Analysis of the Effect of Interest Rate, Inflation, and Gold Prices on the Deposit Amount at PT. Bank Mandiri
BT  - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
PB  - Atlantis Press
SP  - 192
EP  - 197
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210220.034
DO  - 10.2991/aebmr.k.210220.034
ID  - Pasaribu2021
ER  -