Carlos has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and a Zony model that is priced at $140. Carlos decides to purchase the Zony Blu-Ray player for $140.
Identify what role of money plays in each of the following parts of the story. (Medium of Exchange, Unit of Account, Store of Value)
a. Carlos can easily determine that the Panaview model has a lower price than the Zony model.
b. Carlos saved $30 per week.
c. Carlos pays $140 for the Blu-ray player.
Answers: 3
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