
Explanation:
Resiliency refers to the length of time for which a lumpy order moves the market away from the equilibrium price. It characterizes how quickly prices recover to equilibrium after being impacted by a large trade.
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512.1. Which of the following refers to "the length of time for which a lumpy order moves the market away from the equilibrium price," which is a characteristic of market liquidity?
A
Tightness
B
Depth
C
Slippage
D
Resiliency