Take the following as truth: The Employee Retirement Income Security Act (ERISA) was cited as an example of an approach that blended both a principles-based (general fiduciary standards) and rulesbased (prohibited transactions) approach to an important issue (retirement security).
Then the following statement: "The ERISA was cited as an example of an approach that blended both a principles-based and rules-based approach." is true, false, or inconclusive?
Answer: True