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Abinav was excited to get his $ 1 , 2 0 0 tax rebate check so he could buy a motorcycle because he was uncomfortable
Abinav was excited to get his $ tax rebate check so he could buy a motorcycle because he was uncomfortable taking the city bus during the pandemic. His friend sold him a used motorcycle for $ He also purchased a new helmet from an online store for $ and put the remaining $ in the bank to help him cover his tuition bill for the summer.
Thinking about how Abinav allocated his tax rebate check, identify the role money played in the statements below. Not all labels will be used.
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medium of exchange
unit of account
store of value
double coincidence of wants
Abinav deposited the remaining funds into his bank.
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The cost of the motorcycle was $ and the helmet was $
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Abinav purchased a helmet online.
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