What is a characteristic of a floating static route?

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What is a characteristic of a floating static route?

When it is configured, it creates a gateway of last resort.
It is used to provide load balancing between static routes.
It is simply a static route with 0.0.0.0/0 as the destination IPv4 address.
It is configured with a higher administrative distance than the original dynamic routing protocol has.

Explanation: Floating static routes are static routes used to provide a backup path to a primary static or dynamic route, in the event of a link failure. They must be configured with a higher administrative distance than the original dynamic routing protocol has. A default static route is simply a static route with 0.0.0.0/0 as the destination IPv4 address. Configuring a default static route creates a gateway of last resort.

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