The face value of money or income is called its ________ value.
A) real
B) marginal
C) nominal
D) external

Question

Quizplus · Accepted Answer

Nominal value refers to the face value, or the amount of money or income stated in terms of its current value without adjusting for inflation or other factors. Real value, on the other hand, takes into account inflation or other changes in purchasing power over time. Marginal value refers to the additional value gained from a small increase in quantity, while external value typically refers to the value placed on a product or service by external market forces.

The Face Value of Money or Income Is Called Its