Question content area

Part $1$

PaulPaul

needs to decide between buying a

big screen TVbig$$screen$$TV

for$$ $$1,800$ or being able to go on a

Canadian vacationCanadian$$vacation

for$$ $$1,000$ and still having enough left over to buy a

small screen TVsmall$$screen$$TV

for$$ $$800.$

PaulPaul

opts for the

small screen TVsmall$$screen$$TV

and the

Canadian vacationCanadian$$vacation$.$

PaulPaul

has used money in what ways in making his$$ decision?

Part $2$

A$.$

Medium of exchange and a method to decrease deferred payments.

B$.$

Medium of exchange and a standard unit of account.

C$.$

Medium of exchange and a store of value.

D$.$

Store of value and a standard unit of account.