What Is the Nominal Value of Money

question 194

Multiple Choice

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

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Definitions:

Conscious Feelings

Emotions and sentiments of which an individual is aware and can identify or describe.

Personal Plans

Individualized strategies or intentions set by a person targeting specific goals or outcomes in their personal or professional life.

Cognitive Needs

The mental requirements or necessities for knowledge, understanding, curiosity, and search for meaning, often associated with Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology concerning human motivation based on fulfilling a series of needs from basic to self-actualization.