A gold mining company has ceased to use futures markets to hedge the price it will receive for everything it will produce over the next $5$ years. Which of the following is true?

Question $41$ options:

a$)$

The operation of futures markets protects it from liquidity problems

b$)$

It is liable to experience liquidity problems if the price of gold falls dramatically

c$)$

It is liable to experience liquidity problems if the price of gold rises dramatically or falls dramatically

d$)$

It is liable to experience liquidity problems if the price of gold rises dramatically