The roles of money Paolo 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, Paolo 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.
Medium of Unit of Store of
Role of Money Exchange Account Value
Paolo has $1,537 in his checking account.
Paolo writes a check for $1,299
Paolo can easily determine that the price of the
computer is more than the price of the vacation.