What is the nominal value of money?
A) what can be purchased with the money
B) discounts taken by multiple purchases
C) savings by shopping on specific days of the week
D) its actual face value

Question

Quizplus · Accepted Answer

Nominal value of money refers to its face or stated value, regardless of its purchasing power or actual value in the marketplace. For example, a $20 bill has a nominal value of $20, regardless of whether it can buy more or less than $20 worth of goods and services due to inflation or other economic factors.

What Is the Nominal Value of Money