Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization.This function of money is called

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The primary role of money in the economy is to serve as a medium of exchange, which means it is used to facilitate transactions and exchange goods and services. Money allows the economy to function more efficiently by lowering transaction costs and allowing for specialization. While money also serves as a store of value, a standard of deferred payment, and a unit of account, these are secondary functions that stem from its primary role as a medium of exchange.

Money's Primary Role in the Economy Comes from the Benefits