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Is it irrational to hold money balances?
No, it is always sensible to hold some money balances.
Use nominal in a sentence?
The nominal fee for admission to the museum was five dollars.
What is the difference between nominal and ppp GDP?
idk.weeoll is money.
Opportunity cost of holding money?
The opportunity cost of holding money is the nominal interest rate.
How check and balances work?
Checks and balances work by taxes and government preatty much doing the math of your money for you.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
What is the economic Definition of nominal stock of money?
Hi nominal means in terms og currency. That is the value of the money before anything is done with it. I.e. taking into account inflation, taxes etc.
How does the nominal and real values of things affect the aggregate behavior of a society?
In economics, the nominal values of something are its money values in different years
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
What is the velocity of money if the nominal interest rate is constant?
If the nominal interest rate is constant, then PY is constant in the equation PY = MV, so V will remain constant so long as money supply does not change.
Will increase in nominal money supply increase real money supply?
No because real money supply would only increase if the price level doesnt increase or increases at a slower pace than the increase in nominal money supply. This is because the real money supply takes into account the current price level.
What are the needs of retail banking?
Customers and Balances. The primary way that retail banks earn money is based on the balances that are in their customers' account. The higher the account balances the better. By getting more accounts, they will bring in more money and the best way to get more accounts is to get more customers.
