Chapter 1 Problems and Issues 33. James Jerkins walks into a Big Box electronic

Chapter 1 Problems and Issues 33.
James Jerkins walks into a Big Box electronics store in search of a
new HDTV. He finds exactly what he wants. The price is $2000 and the
HDTV has a $100 maintenance contract that ensures against component
failures. He has $1000 in cash $3500 in his checking account that
pays 2 percent a credit card with a 7 percent interest charge on unpaid
balances and a savings account paying 5 percent (all annual rates).
Discuss which of the functions that the money and capital markets
perform are important to James Jenkins as he considers various options
for purchasing the HDTV.