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Home » Finance Faqs » What is the difference between real money & nominal money?

What is the difference between real money & nominal money?

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1)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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2)The nominal money has no purcahsing power, where as the   real money has purchasing power.



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