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Business, 19.04.2021 16:10 cheaterman4121

Jake is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. Jake decides that he's pretty hungry and goes for the whole. He pays with a $10 bill and tells the cashier to keep the change. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Jake buys his lunch with a $10 bill. Jake can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. Jake accumulates money in his savings account for future purchases.

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Jake is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He hea...

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