Why Was France Unable to Manage Its Debt in the Eighteenth

Why was France unable to manage its debt in the eighteenth century, even though that debt was much smaller, relative to its population, than the debt of either Great Britain or Holland?

A) France lacked trained and experienced financial officers, supported by accounting and bookkeeping staffs, who could direct state credit systems.
B) France's economic and political elites lacked a large pool of available capital from which the government could borrow.
C) France lacked a central bank and paper currency.
D) France failed to adopt the use of bonds to arrange for long-term debt, believing that such financial instruments demonstrated government weakness.