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What else can I help you with?
Is it irrational to hold money balances?
No, it is always sensible to hold some money balances.
Use nominal in a sentence?
Since the company did not have any money, the employees received only nominal pay for the month.
What is the current status of your real money balances?
As of now, the current status of your real money balances is insert specific amount or status.
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.
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
Is rent expense a real or nominal account?
Rent expense is a nominal account. Nominal accounts represent revenues, expenses, gains, and losses, and they are closed at the end of an accounting period to retained earnings. In contrast, real accounts (or permanent accounts) carry their balances over to the next period. Since rent expense reflects costs incurred during a specific period, it is classified as a nominal account.
Is Revaluation account a nominal account?
Yes, a Revaluation Account is considered a nominal account. It is used to record changes in the value of assets and liabilities during the revaluation process, reflecting gains or losses. As a nominal account, it is closed at the end of the accounting period and its balances are transferred to the Profit and Loss Account, impacting the overall financial results.
How check and balances work?
Checks and balances work by taxes and government preatty much doing the math of your money for you.
Is realization account a nominal account or real account?
The realization account is a nominal account. It is used to record the income and expenses associated with the liquidation of a business, reflecting gains or losses from the sale of assets during the winding up process. Nominal accounts are temporary and are closed at the end of an accounting period, transferring their balances to the profit and loss account.
