A nominal sum given as a token for striking a sale is called _________________.

earnest money

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Solution

The correct option is A earnest money
The nominal sum given as a token for striking a sale is called as Earnest Money. This is a form of security deposit given by a buyer to the seller to confirm about the deal, such as real estate or property transactions etc. This earnest money represents buyer's good faith for the deal. Hence the correct answer is A.

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