role & importance of money in modern economy

There is no doubt that money facilities and motivates all economic activity relating to consumption, production, and exchanges & distribution.
 Money enables a consumer to maximize his satisfaction.
 Money measure the intensity of desire of consummates.
 Money facilities production by stimulating saving & investment.
 Money gives mobility to capital & helps in capital formation.
 It enables the harnessing various factors of production, so that the entrepreneurs is able to maximize profit.
 Money facilitates exchange & helps in both trade and commerce both national & international.
 Money helps price mechanism to allocate resources.
 Money accelerated the process of industrialization.
 Money is an extremely valuable social instrument which has largely contributed to the growth of national wealth & social welfare.