Kevin 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. Kevin 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 Kevin can easily determine that the Panaview model has a lower price than the Zony model.         Kevin saved $30 per week.         Kevin pays $140 for the Blu-Ray player.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Kevin 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. Kevin 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
Kevin can easily determine that the Panaview model has a lower price than the Zony model.
 
 
 
 
Kevin saved $30 per week.
 
 
 
 
Kevin pays $140 for the Blu-Ray player.
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