A major league baseball player signs a contract that pays $50 million over five years. The $50 million is its _______value.

Name: A major league baseball player signs a contract that pays $50 million over five years. The $50 million is its _______value.
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Question

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The nominal value refers to the face value of money or a financial instrument, without adjusting for inflation or other factors. In this case, the $50 million is the nominal value of the contract.

A Major League Baseball Player Signs a Contract That Pays