Brian 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, Brian buys the computer and writes a check for $1,299.

Question

Sarah Kaiser

Business

26 April, 18:29

Brian 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, Brian buys the computer and writes a check for $1,299.

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Answers (1)

Know the Answer?

Ernesto Rangel · Answer 1

Role of Money is given below as Unit of Account, Store of value and Medium of Exchange

Explanation:

given data

computer priced = $1,299

vacation priced = $750

his checking account = $1,537

to find out

Role of Money

solution

here Brian is easily determine price difference that the computer priced is more than the price of the vacation = Unit of Account

as money being the standardize measure price of 2 unit

and

Brian checking account is $1,537 this is = Store of value

as money is stored in his account, that can be used later for any purpose

and

as Brian write check is $1,299 so it is = Medium of Exchange

as money is used to exchange with the computer