Question

Andrew wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at 1299, and the vacation is priced at $800.

Answer 1

Andrew writes a check for $1,299 which is the  medium of exchange.

What is the way of transaction ?

• A sale is a completed agreement between a buyer and a dealer to change goods, services, or fiscal means in return for plutocrats.
• The term is also generally used in commercial accounts. As a business secretary, this plain description can get tricky.
• A sale may be recorded by a company before or later depending on whether it uses an addendum account or cash account.

Here,

Andrew can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

Andrew has $1,574 in his checking account

= Store of value

Andrew writes a check for $1,299

= Medium of exchange

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