A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value.

Name: A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

The $27 million is the nominal value of the contract. Nominal value refers to the face value of an asset or contract, without adjusting for inflation or other factors.

A Major League Baseball Player Signs a Contract That Pays