Which of the following is associated with asymmetric information in a financial​ crisis?

A.Moral hazard could occur when only borrowers know if the funds will be used to finance​ high-risk activities.

B.Adverse selection can occur if lenders must select from a pool of bad credit risks.

C.There is a lack of information about one or more of the parties involved in a transaction.

D.All of the above are correct.