Which of the following statements is CORRECT?

Question $6$Answer

a$.$

Arbitrage between the derivatives and spot market makes neither the spot market nor the derivatives market more efficient

b$.$

Arbitrage between the derivatives and spot market makes both the spot market and the derivatives market more efficient

c$.$

Arbitrage between the derivatives and spot market makes only the derivatives market more efficient

d$.$

Arbitrage between the derivatives and spot market makes only the spot market more efficient.