$1)$ What has been the average annual nominal rate of interest on Treasury bills over the past $120$ years $(1900-2020)?$

$1)\_\_\_\_\_\_$

A$)$ Less than $1\%$

B$)$ Between $1\%$ and $2\%$

C$)$ Between $2\%$ and $3\%$

D$)$ Greater than $3\%$