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

Question

ObjectiveMcq · Accepted Answer

Under flexible exchange rates, trading countries tend to rely more heavily upon tariffs and other restrictions

ObjectiveMcq · Answer

Flexible exchange rates tend to be variable and therefore cause more uncertainty

ObjectiveMcq · Answer

Flexible exchange rate systems require discipline on the part of central banks that may not be forthcoming

ObjectiveMcq · Answer

The flexible exchange rate system reduces the power of fiscal policy