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Order and rank conditions must be satisfied for proper identification of a simulataneous system of “n” equations. What are these order and rank conditions?Question 18 options:

A. Order condition estimates the equation with the fewest variables first. Rank condition estimates the equation with the most variables last.
B. Order condition is satisfied if each equation includes at least “n” variables. Rank condition is satisfied if the total number of variables in the system is n-squared.
C. Order condition is satisfied if each equation in the model has the same number of variables. Rank condition is satisfied if at least n/2 equations are a linear combination of other equations in the system.
D. Order condition is satisfied if each equation excludes at least “n-1” variables appearing in the model. Rank condition is satisfied if there exists at least one non-zero determinant of order n-1 in the array of coefficients.

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