On Average, During the Past 75 Years, the Return on Long-Term

question 175

True/False

On average, during the past 75 years, the return on long-term government bonds has exceeded the return on long-term corporate bonds.

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Definitions:

Credit Balance

The amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger for liability, revenue, or equity accounts.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.