Question 1 of 10

What happens when you add a Black & White Adjustment Layer to a color image?

The Image Mode is changed to Grayscale and all color information is lost.
The layers under the adjustment layer look like a grayscale image but the image mode is not changed and all color information is preserved.
The Image Mode is changed to Duotone but color can be recovered by turning off the visibility of the Adjustment layer
The Image Mode is changed to Index Color and all color information is preserved.