For the reaction \( \text{RCH}_2\text{Br} + \text{I}^- \xrightarrow{\text{Acetone}} \underset{\text{major}}{\text{RCH}_2\text{I}} + \text{Br}^-\) The correct statement is:
The reaction can occur in acetic acid also
The solvent used in the reaction solvates the ions formed in rate determining step.
The transition state formed in the above reaction is less polar than the localized anion
\( \text{Br}^- \) can acts as competing nucleophile