What does the Liquid filter 'money' do in Shopify?

The Liquid filter 'money' is designed to format a number into a currency format that is appropriate for the store's settings. This means that when a numeric value is passed through the 'money' filter, it will convert that number into a string representation of currency, typically including the appropriate currency symbol, thousand separators, and decimal formatting based on the store's locale settings. This is essential for displaying prices in a way that is clear and understandable to customers, ensuring they see prices in format that aligns with their expectations according to local currency formatting conventions.

Options that describe converting currency into another type, calculating discounted prices, or defining tax rates do not accurately represent the function of the 'money' filter. The 'money' filter does not have the capability to perform conversions between different currency types or handle calculations related to discounts or tax rates directly, as it is specifically focused on formatting the output for display purposes.