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 1985 and 1 chocolate in 2000, in the same way, 10 units of nominal money is 10 units of real money in 1985 and 5 units of real money in 2000.
The nominal money has no purchasing power, where as the real money has purchasing power.
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