Which of the following represents an oxidation-reduction reaction? 

I. PCl₃ (aq) + Cl₂ (g) → PCl₅ (aq) 

II. 2 AgNO₃ (aq) + Cu (s) → Cu(NO₃)₂ (aq) + 2 Ag (s) 

III. CO₂ (g) + 2 LiOH (aq) → Li₂CO₃ (aq) + H₂O (l)

IV. FeCl₂ (aq) + 2 NaOH (aq) → Fe(OH)₂ (aq) + 2 NaCl (aq)