MC Qu. 17 Which one of the following statements...

Which one of the following statements is a correct reflection of the U.S. markets for the period 1926-2013?

U.S. Treasury bill returns never exceeded a 9 percent return in any one year during the period.

U.S. Treasury bills provided a positive rate of return each and every year during the period.

Inflation equaled or exceeded the return on U.S. Treasury bills every year during the period.

Long-term government bonds outperformed U.S. Treasury bills every year during the period.

National deflation occurred at least once every decade during the period.