Business, 04.07.2020 18:01 hannahhh565

Kevin just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. Identify what role money plays(Medium of Exchange, Unit of Account, Store of Value ) in each of the following parts of the story. a. Kevin writes a check for $4,000. b. Kevin can easily determine that the price of the Super is more than the price of the Duper. c. Kevin has saved $4,000 in his checking account.

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Kevin just graduated from college and is now in the market for a new car. He has saved up $4,000 for...

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