Final answer:
A moving magnet can be used to produce alternating current by moving it inside a coil of wire.
Step-by-step explanation:
True. When a magnet moves back and forth inside a coil of wire, it induces an electric current in the wire. This phenomenon is known as electromagnetic induction. As the magnet moves, the magnetic field lines cut across the coil, which results in the generation of an alternating current.
Learn more about Electromagnetic induction