what is the difference between real money & nominal money?
Answers were Sorted based on User's Feedback
nominal money is related to the measure of counting. nominal
figure is what is written on the bill. where as real money
relates to it's purchasing power.
for eg:
if 10 units in nominal money can buy 2 chocolates in 1980 and
1 chocolate in 2000, in the same way, 10 units of nominal
money is 10units of real money in 1980 and 5 units of real
money in 2000.
| Is This Answer Correct ? | 28 Yes | 8 No |
Answer / pavan
the nominal money has no purcahsing power, where as the
real money has purchasing power.
| Is This Answer Correct ? | 20 Yes | 2 No |
Answer / chintan l. pasad
Nominal Money can be said to be the face value of money and real money can be defined as the purchasing power of money.....the nominal money stays the same in value terms whereas real money fluctuates in terms of value from time to time.....
| Is This Answer Correct ? | 17 Yes | 3 No |
what happend to the DLF co. during recession why the slow down in it's share and comapny also?
How will banks help to improve the society?
what is meant by G L Accounting...?
What do you understand by capital market line?
strategic alliance
what does M - Banking stand for?
what are certain measures for which you have to be ready for equity trading?
Brief us all about what you know about Hughes Systique.
0 Answers HPCL, Hughes Systique Corporation,
What is 'nostro account'?
Which software is used in the banking sector?
what is the number of companies which will participate in the sensex and nifty market????
3. Profit maximization is not wealth maximization – Discuss briefly by giving appropriate examples.
5 Answers Annamalai University,
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3208)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)