In times of high inflation, shoe-leather costs rise.

Name: In times of high inflation, shoe-leather costs rise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Shoe-leather costs refer to the additional costs incurred by individuals when they have to make frequent trips to the bank or ATM to withdraw cash in times of high inflation. As prices rise, people need to withdraw more cash to make the same purchases, leading to higher shoe-leather costs.

In Times of High Inflation, Shoe-Leather Costs Rise