Which of the Following Is NOT a Criticism of a Flexible

Multiple Choice

Which of the following is NOT a criticism of a flexible exchange rate system?

A) Flexible exchange rates tend to be variable and therefore cause more uncertainty.
B) Flexible exchange rate systems require discipline on the part of central banks that may not be forthcoming.
C) Under flexible exchange rates, trading countries tend to rely more heavily upon tariffs and other restrictions.
D) The flexible exchange rate system invites more destabilizing speculative forces than the fixed exchange rate system.