Which of the following best describes the relationship between locally configured policies and the direction...

Import policies affect the way the local AS receives traffic, while export policies affect the way it sends traffic.

Import policies affect the way the local AS sends traffic, while export policies affect the way it receives traffic.

Both import and export policies affect the way the local AS receives traffic, but not the way it sends traffic.

Both import and export policies affect the way the local AS sends traffic, but not the way it receives traffic.