Question

what is real money....

Answer 1

Generally, the nominal demand for money increases with the level of nominal output (price level times realoutput) and decreases with the nominal interest rate. The real demand for money is defined as the nominal amount of money demanded divided by the price level.

Answer 2

something generally accepted as a medium of exchange, a measure of value, or a means of payment: such as. a : officially coined or stamped metal currency newly minted money.

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