Final answer:
A float data type in programming languages has limited precision and cannot hold an unlimited number of significant figures.
Step-by-step explanation:
The statement, "There is no limit to the size of a float value as stored in a float type variable," is false.
In programming languages, a float data type is used to store floating-point numbers, which are approximate representations of real numbers. However, float data types have limited precision and can only hold a certain number of significant figures.
For example, in most programming languages, a float variable can typically store about 7 significant figures. If a value with more significant figures is assigned to the variable, it may result in loss of precision.