what is the difference between real money & nominal money?
- 3 Answers
- 27838 Views
- SafariCom, I also Faced
- E-Mail Answers
Answer Posted / amrutha
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 |
Post New Answer View All Answers
What is the Bank of England base rate/Fed funds rate as of this morning?
If you get a better job in Public Sector (IAS/PCS Etc.), will you leave us?
Do you anything about bureaucracy?
How do you handle criticisms?
If Debentures Are Issued at Par and Redeemable at Par What Journal Entry Should Be Passed?
What has the market been doing? Why? What do you think it will do in the coming 12 months?
What is FTSE at today?
Who are our major competitors and what differences do you notice in our Banking products?
Tell us the current Repo Rate and Reverse Repo Rate?
Do you have interest in any particular area?
Dear, any body give me MIS repor - excel sheet format for share trading purpose.
How YOU prepared for interview?
What are the latest gold schemes launched by government and their various benefits?
Who are current Miss India, Miss World, Miss Universe etc.?
What is Company Limitted by Shares?
