When hyperinflation forces Emily to visit her bank very frequently to keep her cash holdings to a minimum, economists say that Emily has a:

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The term "shoe-leather cost" refers to the costs associated with frequent trips to the bank to withdraw cash in order to avoid holding cash that will rapidly lose its value due to hyperinflation. This is a common phenomenon in economies experiencing high inflation rates, where it becomes costly to hold onto cash for any length of time.

When Hyperinflation Forces Emily to Visit Her Bank Very Frequently