1. The roles of money Larry wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $800. He has only $1,574 in his checking account, so he cannot afford to purchase both. After much thought, Larry buys the computer and writes a check for $1,299 Identify what role money plays in each of the following parts of the story Hint: Select each role only once. Medium of Exchange Unit of Account Store of Value Role of Money Larry can easily determine that the price of the computer is more than the price of the vacation Larry has $1,574 in his checking account Larry writes a check for $1,299. 2. Liquidity Consider the relative liquidity of the following assets: Assets 1. A $5 bill 2. The funds in a savings account 3. Your house 4. A bond issued by a publicly traded company Select the assets in order of their liquidity, from most liquid to least liquid. Asset Most Liquid Second-Most Liquid Third-Most Liquid Least Liquid