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Gilberto wants to both purchase a new laptop and go Florida for spring break. The computer...

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Economics

Gilberto wants to both purchase a new laptop and go Florida for spring break. The computer is priced at $800, and the vacation is priced at $1,099. He has only $1,424 in his checking account, so he cannot afford to purchase both. After much thought, Gilberto buys the laptop and writes a check for $800. 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 Gilberto can easily determine that the price of the laptop is less than the price of the vacation. Gilberto has $1,424 in his checking account. Gilberto writes a check for $800.

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