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32 votes
32 votes
Alex 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. Alex decides to purchase the Zony Blu-Ray player for $140 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
Alex can easily determine that the Panaview model has a lower price than the Zony model.
Alex saved $30 per week.
Alex pays $140 for the Blu-Ray player

User Nootrope
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1 Answer

21 votes
21 votes

Answer and Explanation:

The classification is as follows:

Alex could easily measured that Panaview have the less price - Unit of account as the money represent the measurement of unit of price

Alex saved $30 per week - Store of value as Alex is saving for use the money in near future

Alex pays $140 - Medium of exchange. In this alex would pay the money to purchase the Blu-ray

User Matvey Aksenov
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