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Select each role only once

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The roles of money

Sean 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. Sean 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

Sean can easily determine that the Panaview model has a lower price than the Zony model.

Sean saved $30 per week.

Sean pays $140 for the Blu-ray player.

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Reference no: EM131687154

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