WAEC - Economics (2013 - No. 24)
The demand for money is described as a
competitive demand
joint demand
derived demand
composite demand
Wyjaśnienie
Derived demand is the type of demand for a commodity and service as a result of the demand for something else. Example, You need money to get the necessities of life. Money is considered a derived demand because as a result of buying food items, money will be required to pay for it.