What does the Linux command $"$mv $/$home$/$jim$/$report$.$txt $/$home$/$backup$"$ do$?$

Question $7$ options:

It will move the file report.txt from folder $/$home$/$jim to folder $/$home$/$backup$.$

It will make a backup of the file $/$home$/$jim$/$report$.$txt

It will not work because the command has an error or is incomplete

None of these is correct

It will make an alias for $/$home$/$jim$/$report$.$txt in the folder $/$home$/$backup