问题
单项选择题
As the number of compounding periods increases, what is the effect on the EAR（）
A. EAR does not increase.
B. EAR increases at a decreasing rate.
C. EAR increases at a constant rate.
答案
参考答案：B
解析：
There is an upper limit to the EAR as the frequency of compounding increases. In the limit, with continuous compounding the EAR = eAPR-1. Hence, the EAR increases at a decreasing rate.