The introduction of ATMs reduced the:
A)menu costs of inflation.
B)shoe-leather costs of inflation.
C)unit-of-account costs of inflation.
D)seignorage.

Question

Quizplus · Accepted Answer

ATMs reduced the need for consumers to physically handle cash, thereby reducing the shoe-leather costs of inflation (the cost of time and effort spent on frequent trips to the bank or ATM). The other choices are not directly related to the introduction of ATMs.

The Introduction of ATMs Reduced The