If the Bank Advertises 5 Percent Interest for Your Checking

If the bank advertises 5 percent interest for your checking account and the anticipated rate of inflation is 3.5 percent

A) the real rate of interest earned on the account is 5.0 percent.
B) the real rate of interest earned on the account is 3.5 percent.
C) the real rate of interest earned on the account is 2.5 percent.
D) the real rate of interest earned on the account is 1.5 percent.