Which of the following is NOT a correct description of the four dimensions of liquidity:单项选择题

A

a. Resiliency: How quickly prices revert to former levels after they change in response to large order flow imbalances initiated by uninformed traders.

B

b. Width: The cost of doing a trade of a given size. For small trades, traders usually identify width with the bid-ask spread.

C

c. Immediacy: How early stock markets open for daily transactions

D

d. Depth: The size of a trade that can be arranged at a given cost. Depth is measured in units available at a given price of liquidity.

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