Product-specific services are most likely to be valuable for which of the following goods?

One should expect the forward exchange market to flourish

A) under a fixed exchange rate regime. B) under a flexible exchange rate regime. C) under neither fixed nor flexible exchange rate regimes. D) under both fixed and flexible exchange rate regimes. E) only under a gold standard.

U.S. prisoners of war during World War II used cigarettes as a medium of exchange

Indicate whether the statement is true or false