Which of the following is true?

Group of answer choices

a. The Effective Annual Interest Rate (EAR) is higher than Annual Percentage Rate (APR) assuming that the interest rate compounds more than once a year.

b. Generally, the more often the interest rate compounds, the higher the Effective Annual Interest Rate (EAR) will be relative to the Annual Percentage Rate (APR).

c. a and b

d. None of the above