The demand for money is described as a
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Correct Answer: Option C
Explanation:
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.
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.