问题
单项选择题
During the 1920s in Germany and during the 1980s in Brazil and Israel, inflation reached hyperinflationary levels. People received their wages and spent them immediately. Companies received revenues from their sales and immediately paid them out as wages and dividends. This behavior best reflects which one of the following adverse effects of inflation for an economy（）
A. Tax distortion.
B. Gains by employers at the expense of employees.
C. Increased transactions costs.
答案
参考答案：C
解析：
Money holders’ rush to spend cash immediately reflects an increase in transactions costs as money becomes less effective as a store of value.