单项选择题:
An analyst does research about pounding rate of return and gathers the following information.Bank Stated Annual Rate Frequency of Compounding
1 3.45% Quarterly
2 3.21% Continuous
The effective annual rate for Bank 2 is:（）
A. less than the effective annual rate for Bank 1.
B. the same as the effective annual rate for Bank 1.
C. greater than the effective annual rate for Bank 1.
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答案：A
解析:R1=(1+3.45%/4)4-1=3.4950-/0＞R2=e0.0321-1=3.262%.