Question

what is the role of money in economic development​

Answer 1

Answer:

Money performs many functions in a modern economy. ... Thus, money is a medium of exchange, a measure of value, a store of value, and a standard of deferred payments. Medium of exchange: The most important function of money is that it acts as a medium of exchange. Money is accepted freely in exchange for all other goods

Answer 2

Money serves as a standard of value in which other values are measured.  Money is a store of value, that is, the means in which wealth can be held. It acts as a standard for deferred payments. However, the most important function of money which distinguishes it from other goods is that it serves as a medium of exchange.

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