Which of the following statements is (are) NOT directly related to moral hazard? I. The use of loan tranches in the IMF/EU/ECB bail-outs for Greece, i.e. releasing the funds in installments contingent on progress Greece has made to meet the terms of the loan agreement. II. Trading desk bank employees taking on excessive risk to ensure lucrative bonuses while knowing that if the bank fails, it will be bailed out by the government. III. Riskier borrowers willing to accept very high interest rates. IV. Since fund managers are not fully responsible for the consequences of their investment decisions they have an incentive to take excessive risk. V. The seller of a used car not telling a buyer the car will soon need significant engine work, fearing that by disclosing this information would reduce the selling price of the car by a significant amount. IV and V. II and III. II and V. I and III. III and V