R

Ram Sharma • 193.84K Points
Coach Economic 

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.
Correct Answer - Option(C)

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