2. The roles of money Lorenzo 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, Lorenzo 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. Role of Money Lorenzo can easily determine that the price of the computer is more than the price of the vacation.. Lorenzo has $1,537 in his checking account. Lorenzo writes a check for $1,299. Medium of Exchange O Unit of Account Store of Value O O O
2. The roles of money Lorenzo 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, Lorenzo 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. Role of Money Lorenzo can easily determine that the price of the computer is more than the price of the vacation.. Lorenzo has $1,537 in his checking account. Lorenzo writes a check for $1,299. Medium of Exchange O Unit of Account Store of Value O O O
Chapter14: Money And The Federal Reserve System
Section: Chapter Questions
Problem 17SQ
Related questions
Question
![2. The roles of money
Lorenzo wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vecation is priced at
$750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Lorenzo 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.
Role of Money
Lorenzo can easily determine that the price of the computer is more than the price of
the vacation.
Lorenzo has $1,537 in his checking account.
Lorenzo writes a check for $1.299.
Medium of
Exchange
O
O
Unit of
Account
O
Store of
Value
O
OO](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9635ba6a-1ac7-43bf-82ae-0f5f42b050a6%2F7121fe47-b48d-43b1-b61c-fa943b215ea9%2F1ufvsvs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. The roles of money
Lorenzo wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vecation is priced at
$750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Lorenzo 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.
Role of Money
Lorenzo can easily determine that the price of the computer is more than the price of
the vacation.
Lorenzo has $1,537 in his checking account.
Lorenzo writes a check for $1.299.
Medium of
Exchange
O
O
Unit of
Account
O
Store of
Value
O
OO
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