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Each of the following is a characteristic of a high-quality liquid asset except for:
A
Active and sizeable market with evidence of market breadth (price impact per unit of liquidity) and market depth (units of the asset that can be traded for a given price impact)
B
High market concentration among a limited set group of buyers and sellers
C
Low correlation with risky assets; i.e., not subject to wrong-way risk
D
Asset class has shown historical tendency to be a "flight to quality" destination
