shoe leather cost
Definition
The cost, in time and energy, of efforts intended to counteract the effects of inflation. The term comes from the notion that people will cope with inflation by keeping less cash on hand and making more trips to the bank. In times of inflation, interest rates usually go up, so keeping as much money as possible in interest-bearing accounts can be a good strategy.
Related Articles
- ECN's and Online, Day and Active Trading *
- Types of Advanced Options *
- Common Stock Strategies - Part 2 *
- Introduction to Insurance *
- Common Mistakes That People Make While Picking a Financial Advisor *
- Common and Preferred Stock *
- Choose Mutual Funds Carefully *
- Understanding Wills and Trusts *
Related Videos
http://www.businessdictionary.com/definition/shoe-leather-cost.html
