Read the given statements and select the correct option.
Statement 1 : When an electric current flows through a wire, it behaves like a magnet.
Statement 2 : A current carrying coil of an insulated wire wrapped around an iron nail forms an electromagnet.
ABoth statements 1 and 2 are true and statement 2 is the correct explanation of statement 1
BBoth statements 1 and 2 are true but statement 2 is not the correct explanation of statement 1
CStatement 1 is true but statement 2 is false
DBoth statements 1 and 2 are false
how does an insulated wire form an electromagnet?