Fe3+(aq) + SCN-(aq) ⇄ Fe(SCN)2+(aq) For the reaction represented above, the value of the equilibrium — Equilibrium Chemistry Question

Fe³⁺(aq) + SCN^-(aq) ⇄ Fe(SCN²⁺(aq)

For the reaction represented above, the value of the equilibrium constant, Keq, is 240 at 25°C. From this information, correct deductions about the reaction at 25°C include which of the following?

I. The reaction is quite rapid.
II. The product is favored over the reactants at equilibrium.
III. The reaction is endothermic.