Which of the Following Statements Is True

question 41

Multiple Choice

Which of the following statements is true?

• A) In Romania under Communist Party rule in the 1980s, Kent cigarettes served as a medium of exchange. This illustrates the use of Kent cigarettes as fiat money.
• B) Commodity money has no value apart from its use as money.
• C) In Romania under Communist Party rule in the 1980s, Kent cigarettes served as a medium of exchange. This illustrates the use of Kent cigarettes as commodity money.
• D) Fiat money must be backed by gold; otherwise it is worthless.

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Definitions:

Constitutional Power

The authority granted by a constitution, especially the United States Constitution, to the different branches of government or to specific governmental roles.

Executive Order

A directive issued by the president or a governor that has the force of law, often used to manage operations of the federal government.

National Emergencies

Situations declared by a government that threaten the country and its citizens, requiring immediate and often extensive response measures.

Signing Statement

A written comment issued by the President when signing a bill into law, often outlining interpretations or concerns.