Which of the following is the role of money in an economy?

Question

Quizplus · Accepted Answer

Money allows for greater specialization as it serves as a medium of exchange that enables individuals to specialize in specific skills or products and still acquire other goods and services they need through market transactions. While money can serve as a person's wealth and allow for saving, it is not its primary function. Money can be used as an investment asset, but this function is dependent on other factors such as interest rates and expected returns.

Which of the Following Is the Role of Money in an Economy