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

Assessment: WAEC SSCE - Economics - 2008 (Objective) Subject: Economics

Question 1 Report

Since money is demanded for what it can buy, the demand is said to be
Answer Details
The statement "since money is demanded for what it can buy" implies that the demand for money is derived from the demand for goods and services. Therefore, the answer is "derived". In other words, people demand money in order to buy goods and services, and the demand for money is a result of the demand for these goods and services.

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