Final answer:
True, bonds are issued by large corporations, the federal government, and state/local governments.
Step-by-step explanation:
True, bonds are issued by large corporations, the federal government, and state/local governments. A bond is a financial contract in which a borrower agrees to repay the amount borrowed and also an interest rate over a period of time in the future. Different types of bonds are issued by various levels of government, such as municipal bonds issued by cities, state bonds issued by U.S. states, and Treasury bonds issued by the federal government through the U.S. Department of the Treasury.