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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