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WAEC Economics 2008 Question 35

Question 35

Money and Inflation

Since money is demanded for what it can buy, the demand is said to be

  1. A.derived
  2. B.joint
  3. C.composite
  4. D.complementary.
Show the answer and explanation

Answer: A (derived)

Explanation

Money is wanted for the goods it buys, so its demand is derived from the demand for those goods.