What is the relationship between the amount of debt a bank has and that banks Return on Equity?

Group of answer choices

the relationship between a banks debt and that banks ROE depends on the liquidity of the bank

less debt means less variation in the ROE; more debt means more variation in the ROE

less debt means more variation in the ROE; more debt means less variation in the ROE

the variation in a banks ROE is not affected by the amount of debt the bank has