Business, 17.04.2020 17:58 ortegaly000

"Dmitri 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, Dmitri buys the computer and writes a check for $1,299".
Identify what role money plays in each of the following parts of the story.

Role of Money

Medium of Exchange Unit of Account Store of Value
Dmitri can easily determine that the price of the
computer is more than the price of the vacation.

Dmitri has $1,574 in his checking account.

Dmitri writes a check for $1,299.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 15:30

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.

Answers: 1

Answer

Business, 22.06.2019 00:00

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Answers: 1

Answer

Business, 22.06.2019 18:00

*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!

Answers: 1

Answer

Business, 22.06.2019 23:50

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?

Answers: 1

Answer

You know the right answer?

"Dmitri wants to purchase a new computer and go to the Caribbean for spring break. The computer is p...

Questions