In a mutualistic relationship, which of the following is correct?

The correct answer is Option (2) -Both species derive benefits from the interaction.

Mutualism: This interaction confers benefits on both the interacting species. Lichens represent an intimate mutualistic relationship between a fungus and photosynthesizing algae or cyanobacteria. Similarly, the mycorrhizae are associations between fungi and the roots of higher plants. The fungi help the plant in the absorption of essential nutrients from the soil while the plant in turn provides the fungi with energy-yielding carbohydrates.