Conservatives Argue That the Shift to Floating Exchange Rates

Conservatives argue that the shift to floating exchange rates

A) was desirable because although it created balance-of-payments deficits, the real value of a nation's currency was established by free markets.
B) was not desirable because it allowed nations to more easily manipulate their foreign exchange rates.
C) was desirable because it eliminated balance-of-payment deficits and reflected the real value of a nation's currency.
D) made the effects of international inflation worse.