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Question: The code OXY in the bottom white quadrant of a label conforming to NFPA 704 indicates that

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  1.  The material is radioactive
  2.  The material reacts with water
  3.  The material will explode on contact with air
  4.  The material can easily release oxygen to create or worsen a fire or explosion hazard

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4. The material can easily release oxygen to create or worsen a fire or explosion hazard

The code OXY in the bottom white quadrant of a label conforming to NFPA 704 indicates that the material can easily release oxygen to create or worsen a fire or explosion hazard.

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