单选题
Which of the following is the most correct statement about stated and
effective annual interest rates?
A. The stated rate adjusts for the frequency of compounding.
B. The nominal rate is used to find the stated rate.
C. The stated annual interest rate is used to find the effective annual
rate.
【正确答案】
C
【答案解析】The effective annual rate, not the stated rate, adjusts for the frequency of compounding. The nominal, stated, and stated annual rates are all the same thing.