Final answer:
False, it is not recommended to place credit cards with magnetic strips near permanent magnets as the magnetic fields can potentially erase or distort the magnetic information stored on the strips.
Step-by-step explanation:
False, it is not recommended to place credit cards with magnetic strips near permanent magnets.
Magnetic fields produced by magnets can potentially erase or distort the magnetic information stored on the strips of credit cards. It is best to keep credit cards away from strong magnetic fields to avoid any damage.
For example, if you place a credit card near a strong magnet, such as in a wallet with a magnet closure, the magnetic strip may become demagnetized or the information on it may become corrupted, rendering the card unusable. Therefore, it is important to store credit cards away from magnets.