The Global Assembly Cache (GAC)stores assemblies designated to be shared by several applications.

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The Global Assembly Cache (GAC) is a central location in the .NET Framework where assemblies intended to be shared by several applications are stored. This includes system-level components and third-party libraries that multiple applications may use. The GAC is designed to ensure that these shared assemblies are available to all applications on a system and to provide a secure and controlled environment for their use. Therefore, the statement is true.

The Global Assembly Cache (GAC)stores Assemblies Designated to Be Shared