The key features of the interaction model of communication are:

The interaction model of communication is a two way process, always takes the psychological context into account and is less message focused, so statements 1, 3 and 5 hold.

Statement 1 is right because the model adds feedback, so sender and receiver alternate roles rather than flow one way.

Statement 3 is right because it explicitly weighs the psychological context, the mental and emotional state shaping the exchange.

Statement 5 is right because attention shifts from the message alone toward the interaction and the participants.

Saying the physical context is unimportant in statement 2 is wrong, since the model takes physical context into account as well.

Saying feedback is not a response to the message in statement 4 misstates the model, where feedback is precisely a reply to the received message.

Schramm's interaction or convergence model builds meaning through overlapping fields of experience and continuous feedback.