FROM MONEY ILLUSIONS TO FINANCIAL INCLUSION: A SOCIAL ISSUE IN FINANCIAL DEVELOPMENT

Abstract This research is intended to know how large the contribution of income, the number of books purchased, transportation costs, the scholarship recipients and non-recipients, food costs, immigrant and non-immigrants, the changes in tuition, renting a boarding house and living in own home, the initial semester and final year students, bankable and non-bankable students, the distance of ATM and bank, the final purchase price of the book, the student’s age, the student gender and the levels of education (Graduated, Postgraduate, and Doctoral Program) in the money demand. The data used is primary data obtained from questionnaires distributed at Hasanuddin University, especially among social students. The unit of analysis in this study consisted of students (graduate, postgraduate, and doctoral program) in the social studies field in four faculties (Economics, Law, Social and Politic, and Cultural Studies). The method of analysis is the estimation of regression by the method of Ordinary Least Squares (OLS). The research findings show that the positive and significant effect of the variable income, length of study, and the last book purchase, and then the negative and significant effect of the student's gender through the demand for money. The amount of the purchase of books, transportation costs, scholarships, food expenses, domicile, the amount of tuition, residence, bankable and non-bankable, distance atm/bank, age, and education level has no significant effect on the demand for money in social students.