Concept:The demand for money arises because money is used to buy other goods and services, not for its own sake.
Explanation:Derived demand is the demand for a good or service that results from the demand for another good or service.
Money is demanded by people mainly to purchase necessities and other commodities.
For instance, to buy food items, money is required to pay for them.
Therefore, the demand for money is dependent on the need to acquire goods and services.
If there were no goods to buy, there would be little need to hold money for transactions.
Competitive demand applies to substitute goods, joint demand applies to goods used together, and composite demand applies to a good used for multiple purposes.
None of these describes why money is demanded.
Answer:C. Derived demand