Question $3(1$ point$)$

$($Consider This$)$ The story about economist Irving Fisher's conversation with his masseuse illustrates that

other things equal, interest rates are higher on smaller loans than on larger loans.

interest is a payment required for someone to give up the present use of their money.

other things equal, longer$-$term loans have lower interest rates than shorter$-$term loans.

real interest rates differ from nominal interest rates.