Business, 27.04.2021 14:30 JimmySample7

Nick wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Nick buys the computer and writes a check for $1,299. 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 Nick can easily determine that the price of the computer is more than the price of the vacation. Nick has $1,537 in his checking account. Nick writes a check for $1,299.

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Nick wants to purchase a new computer and go to the Caribbean for spring break. The computer is pric...