Final answer:
Myelin allows axons to be larger and speeds up action potentials along the axon, but it does not save space in the nervous system.
Step-by-step explanation:
The correct answer is Saves space in the nervous system. While myelin performs several important functions, it does not save space in the nervous system. Instead, myelin insulation helps to allow axons to be larger in diameter and makes action potentials travel faster along the axon. By insulating the axon, myelin prevents signal loss and allows for more efficient transmission of electrical impulses.
Learn more about Myelin and its functions