Question: The major difference between the temporal method and the monetary/nonmonetary method is that under the monetary/nonmonetary method, long term debt is translated at the historical

"The major difference between the temporal method and the monetary/nonmonetary method is that under the monetary/nonmonetary method, long term debt is translated at the historical rate, whereas under the temporal method, long term debt is translated at the current rate."

True or False? if false, give one sentence of explanation.

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