Which of the following is false about duration gap?

I. Duration gap measures the amount of risk due to changes in the interest rate.

II. When the duration of assets is less than the duration of liabilities, the duration gap is positive.

III. Duration gap is the difference in the price sensitivity of interest-yielding assets and the price sensitivity of liabilities of the bank to a change in market interest rates.

IV. The difference between the duration of assets and liabilities held by a depository institution.

Group of answer choices

I.

II.

III.

IV.