give perfect meaning of nominal value
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In economics, the nominal value, rate, or level of something is the one expressed in terms of current prices or figures, without taking into account general changes in prices that take place over time. Inflation would be lower and so nominal rates would be rather more attractive in real terms
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Explanation:
In economics, the nominal value, rate, or level of something is the one expressed in terms of current prices or figures, without taking into account general changes in prices that take place over time. Inflation would be lower and so nominal rates would be rather more attractive in real terms.
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