You Tell the Bank Loan Officer That You Would Like

Multiple Choice

You tell the bank loan officer that you would like to borrow money to purchase a car. In reality you intend to use the money to pay off your losing bets on the Super Bowl. This is an example of

A) the problem of a double coincidence of wants.
B) the problem of asymmetric information.
C) high transactions costs.
D) the use of financial markets for illicit purposes.