Statement

True

False

On average and everything else held constant, consumers prefer deferred consumption spending to immediate spending.

The longer the period of deferred consumption, the larger will be the maturity premium that savers and investors expect to receive, everything else held constant.

It is a mathematical impossibility for the expected future inflation rate to be greater than the real risk$-$free rate of return on an investment.

On average and everything else held constant, $30-$year U$.$S$.$ Treasury bonds should expect to exhibit a smaller maturity premium than a $1-$year U$.$S$.$ Treasury bill.

A risk$-$free asset is one characterized by guaranteed returns, whereas the cash flows of a risky asset may be greater or less than the expected or promised returns.