Final answer:
False. It is not recommended to place credit cards with magnetic strips near permanent magnets as the magnetic fields can disrupt or demagnetize the strip.
Step-by-step explanation:
False. It is not recommended to place credit cards with magnetic strips near permanent magnets. The magnetic fields of the permanent magnets can disrupt or demagnetize the magnetic strip on the card, potentially rendering it useless. This is why it is important to keep credit cards and other magnetic strip cards away from strong magnetic fields.