what is the difference between real money & nominal money?

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what is the difference between real money & nominal money?..

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.

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what is the difference between real money & nominal money?..

Answer / pavan

the nominal money has no purcahsing power, where as the
real money has purchasing power.

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20 Yes

2 No

what is the difference between real money & nominal money?..

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.....

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3 No

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