Which statement is true of an object in equilibrium

If I remember correctly, it is a state an object is in when no force is acting on it or when there is equal amount of force in each direction is being applied to it. Basically, either the object is motionless or is traveling at a constant velocity, there is no acceleration.

The rate of the forward reaction is equal to the rate of the reverse reaction.

Equilibrium is reached when the rates of the forward and reverse reactions are the same.