Which statement best explains the interest rates related to this cd?

the nominal interest rate is 3 percent, while the real interest rate is 2 percent.
the nominal interest rate is 3 percent, while the real interest rate is 1 percent.
the nominal interest rate is 1 percent, while the real interest rate is 2 percent.
the nominal interest rate is 2 percent, while the real interest rate is 4 percent.

The answer is B. The nominal interest rate is 3 percent, while the real interest rate is 1 percent.

Explanation: In the description of the CD, the rate given is a description of the limit to which it can increase, so the maximum this CD will increase is 3 percent anually. But this value is attached to the difference with the annual inflation.

it is due to the halo effect as the impression of the boy created earlier.on the mind of the principle affected his decision

dear friend:

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your friend,