单选题 Which of the following statements does NOT describe a characteristic of an illiquid asset or market ?

A、 Large block trades that do not materially affect prices.
B、 Wide bid-ask spreads.
C、 Small trading volumes.

【正确答案】 A

【答案解析】In a liquid market with large trading volumes, large block trades should not affect prices. All other choices are characteristics of illiquid markets or assets.