Which of the following is true with respect to spot market liquidity?

Select one:

a.

The less willing buyers and sellers there are, the more liquid a market is.

b.

A currency's liquidity does not affect the ease with which an MNC can obtain or sell that currency.

c.

The spot markets for heavily traded currencies such as the Japanese yen are very liquid.

d.

If a currency is illiquid, an MNC is typically able to quickly purchase that currency at a reasonable exchange rate.