Question

multiple choice question
the inconvenience of visiting a bank to minimize cash holdings describes a true cost of inflation that is often called
o tax distortion
o an unexpected redistribution of wealth
o noise
o shoe - leather costs

Explanation:

Shoe - leather costs refer to the costs of time and effort (such as the inconvenience of visiting a bank) that people incur to minimize their cash - holdings in the face of inflation. Tax distortion is related to how inflation affects the tax system. An unexpected redistribution of wealth occurs when inflation affects different groups differently. Noise is not related to this concept.

Answer:

shoe - leather costs