The correct answer is: C. Only III is true.
I. If m < n, then all such systems have a solution.
This is false. If m < n, then the system of equations is said to be underdetermined. In this case, there are infinitely many solutions to the system.
II. If m > n, then none of these systems has a solution.
This is true. If m > n, then the system of equations is said to be overdetermined. In this case, the system of equations is inconsistent and has no solution.
III. If m = n, then there exists a system which has a solution.
This is true. If m = n, then the system of equations is said to be exactly determined. In this case, the system of equations is consistent and has a unique solution.
Therefore, only III is true.