Answer: Yes, because Christ’s death on the cross fully paid the penalty for our sin, God graciously imputes Christ’s righteousness to us as if it were our own and will remember our sins no more.
Scripture: 2 Corinthians 5:21 For our sake he made him to be sin who knew no sin, so that in him we might become the righteousness of God.
Source: New City Catechism
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Salvation – Biblical Christian Eternal Life in Less Than 150 Words