The shoe leather costs of inflation include all of the following except:
A)the lost purchasing power of cash.
B)the extra costs incurred to avoid holding cash.
C)the cost of more frequent trips to the bank.
D)the installation of a new cash management system.

Question

Quizplus · Accepted Answer

The "shoe leather" costs of inflation are the inconveniences that occur in dealing with cash during times of high inflation.

The Shoe Leather Costs of Inflation Include All of the Following