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Suppose that a bank wishes to earn a $5\%$ real rate of return on a one$-$year loan but expects inflation over the course of the loan to be roughly $3\%.$ Which statement is TRUE?

a$.$ If the bank charges $8\%,$ and the inflation rate is greater than $3\%,$ then the bank will have earned a higher rate of return than expected.

b$.$ If the bank charges an interest rate of $8\%$ or higher, it will earn the expected real return.

c$.$ If the bank charges $8\%,$ and the inflation rate is less than $3\%,$ then the bank will have earned a higher real rate of return than expected.

d$.$ As long as the bank charges a nominal interest rate of at least $5\%,$ it will earn its expected real return.