Assume that the interest rate offered on a CD was 4.8% when the rate of inflation was 2.3%. If the rate of inflation increased to 4.3%, what would we expect to happen to the CD interest ? A. Increase...

Assume that the interest rate offered on a CD was 4.8% when the rate of inflation was 2.3%. If the rate of inflation increased to 4.3%, what would we expect to happen to the CD interest ?

A. Increase to 7.1%

B. Increase to 6.8%