passwella.
Menu

WAEC Economics 2013 Question 28

Question 28

Money and Inflation

The demand for money is described as a

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

Answer: C (derived demand.)

Explanation

Money is wanted for what it can buy, so its demand is derived.