Final answer:
The statement is true. When the levels of free cytoplasmic iron decrease too much, the cell synthesizes a protein called Ferritin.
Step-by-step explanation:
The statement is true. When the levels of free cytoplasmic iron decrease too much, the cell synthesizes a protein called Ferritin. Ferritin acts as an iron sequesterer, meaning it binds to and stores iron atoms. This helps the cell to maintain a balanced iron supply and prevents iron deficiency.