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: C