In the POW camps during World War II, cigarettes fulfilled the functions of money because they acted as a: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. medium of exchange in that the cigarettes could be exchanged for staple foods, chocolate, or anything else the POWs might have and offer for trade. unit of account in maintaining a constant price. store of value in that prisoners could save them up and smoke them. store of value in that prisoners could save up many cigarettes and trade them in for large purchases. medium of exchange in that cigarettes were needed by smokers because they are addictive. unit of account in allowing relative values to be read from prices.

In the POW camps during World War II, cigarettes fulfilled the functions of money because they acted as a: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. medium of exchange in that the cigarettes could be exchanged for staple foods, chocolate, or anything else the POWs might have and offer for trade. unit of account in maintaining a constant price. store of value in that prisoners could save them up and smoke them. store of value in that prisoners could save up many cigarettes and trade them in for large purchases. medium of exchange in that cigarettes were needed by smokers because they are addictive. unit of account in allowing relative values to be read from prices.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section: Chapter Questions

Problem 2AA

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