Card 57 / 59: A Russian bank pays 15 percent interest on a one-year CD. A one-year CD pays only 0.5 percent in Switzerland. What can we say about the relative inflation rates?
A) The rate in Russia must be 14.5 percent higher than in Switzerland.
B) The rate in Russia must be 30 times higher than in Switzerland.
C) The rate in Russia must be higher but we cannot say by how much.
D) There is insufficient information to draw a conclusion because we don't know the default risk.

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