anyone know this answer?
Nominal dollars refer to the face value of money without adjusting for inflation or deflation. To calculate nominal dollars, you simply take the current amount of money in a given period, as reported in financial statements or economic data, without any adjustments for price level changes. For example, if you have $100 in 2023, that amount is considered in nominal dollars, regardless of what it could buy in previous years.
very nominal (a couple of dollars) - but the exact price would depend on where you live
They are nominal.
nominal
No, it is not suitable for nominal data.
Many bank branches will convert currency with a nominal fee. Some do it for free if you have an account with their company.
A nominal variable is a variable measured in current dollars (the value of the dollar for the specific period discussed), and a real variable is a variable measured in constant dollars (the value of the dollar for the base period). That is, a real variable adjusts for the effects of inflation.
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.
2.375
A nominal quantity is one that is represented in current dollars, that is, without inflation effect. A quantity that accounts for inflation effects is called a "real" quantity. For more information, please see the related link below.
Nominal dollars refer to the face value of money without adjusting for inflation or deflation. To calculate nominal dollars, you simply take the current amount of money in a given period, as reported in financial statements or economic data, without any adjustments for price level changes. For example, if you have $100 in 2023, that amount is considered in nominal dollars, regardless of what it could buy in previous years.
Since the company did not have any money, the employees received only nominal pay for the month.
There's no need to convert since nominal and actual cubic meters represent the same volume. Nominal cubic meters are a way to describe a predicted or estimated volume, while actual cubic meters refer to the true volume measured.
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
The conversion factor to convert inches to "Nominal Bore" (NB) is 25.4 mm per inch. NB sizes are based on the internal diameter of a pipe, and they do not directly correlate to inches.
Real GDP reflects output more accurately than nominal GDP by using constant prices.
very nominal (a couple of dollars) - but the exact price would depend on where you live