1 PTS Your bank account pays an 8% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT? The periodic rate of interest is 8% and the effective rate of interest is also 8%. O The periodic rate of interest is 2% and the effective rate of interest is 4%. O The periodic rate of interest is 8% and the effective rate of interest is greater than 8%. O The periodic rate of interest is 4% and the effective rate of interest is less than 8%. O The periodic rate of interest is 2% and the effective rate of interest is greater than 8%.4 Question 18 nte Final Exam - G. So Skype for Business RR RRC Status 21.3.5.0 G