WAEC Economics 2013 Objective — Question 28
Question 28 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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The demand for money is described as a
- A. competitive demand
- B. joint demand
- C. derived demandCorrect
- D. composite demand
Explanation
Money is demanded not for its own sake but to obtain other goods/services that satisfy wants — this is derived demand.
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