Cigarettes served as money in some POW camps during World War II. Given this fact, we would expect to observe
A) prices of other goods expressed in terms of cigarettes.
B) no one ever smoking a cigarette.
C) only government-issued cigarettes being accepted as money.
D) people usually resorting to barter rather than using cigarettes as money.

Question

Quizplus · Accepted Answer

Since cigarettes were used as a medium of exchange, it would be logical to expect that prices of other goods would be expressed in terms of cigarettes, as is done with any other currency.

Cigarettes Served as Money in Some POW Camps During World