Which of the following statement(s) state the consequences of dipping a Copper plate into a solution of ${\mathrm{AgNO}}_3$  for a long time?

Copper being more reactive than silver, displaces silver from the silver nitrate solution.
When the copper plate is kept in a silver nitrate solution, silver from the solution gets deposited on the copper plate. 

The displacement reaction so observed is as follows:
$2\mathit{Ag}{N{O}_3}_{\left(\mathit{aq}\right)}+{\mathit{Cu}}_{\left(s\right)} \to \mathit{ Cu}{\left(N{O}_3\right)}_{2 \left(\mathit{aq}\right)}+2{\mathit{Ag}}_{\left(s\right)}$