[Solved] Which of the following is NOT an argument for a country allowing its currency to float freely?

Q.	Which of the following is NOT an argument for a country allowing its currency to float freely?
A.	It allows the country to have sovereignty over its currency.
B.	It enables a country to allow its currency to depreciate if it faces balance of payments deficits.
C.	It gives greater certainty to firms involved in trade in terms of future revenues.
D.	It enables a country to have greater control over its fiscal and monetary policies.
Answer» C. It gives greater certainty to firms involved in trade in terms of future revenues.

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