Question

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.

Answer 1

Answer:

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