Felix has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 an
d a Zony model that is priced at $140. Felix decides to purchase the Zony Blu-Ray player for $140. Identify what role money plays in each of the following parts of the story.
1. Felix can easily determine that the Panaview model has a lower price than the Zony model.
2. Felix saved $30 per week.
3. Felix pays $140 for the Blu-Ray player.
1. Unit of account
2. Store of value
3. Medium of exchange