In Romania Under Communist Party Rule in the 1980s, Kent

Multiple Choice

In Romania under Communist Party rule in the 1980s, Kent cigarettes served as a medium of exchange. Given this, which of the following statements is true?

A) This illustrates the use of Kent cigarettes as fiat money.
B) Commodity money has no value apart from its use as money.
C) This illustrates the use of Kent cigarettes as commodity money.
D) Fiat money must be backed by gold; otherwise it is worthless.