Values that are in current, or face, value, is known as
A)real value.
B)nominal value.
C)marginal value.
D)constant value.

Question

Quizplus · Accepted Answer

Nominal value refers to the current or face value of an asset, which can change over time due to inflation or other factors. Real value refers to the value of an asset adjusted for inflation or other factors. Marginal value refers to the additional value gained from consuming one additional unit of a good or service. Constant value refers to the value of an asset that remains the same over time, adjusted for inflation or other factors. Therefore, the best choice is B - nominal value - as it accurately describes the value of an asset in its current state.

Values That Are in Current, or Face, Value, Is Known