In Financial Markets,asymmetric Information Exists When

Multiple Choice

In financial markets,asymmetric information exists when

A) one party to a transaction has more knowledge of relevant details than the other does
B) both parties to a transaction have less knowledge of relevant details than the Fed does
C) lenders know more about the borrowers than the borrowers know about themselves
D) all parties to a transaction have exactly the same information
E) all the information which the parties have is inaccurate