Is it true that the compass needle points the exact direction to True North?

No, this statement is not true.

First, a compass needle can point to a local object, such as a magnetic ore deposit or a metal circle next to it.

Secondly, even in the absence of interference, the compass needle points to the magnetic pole, which does not coincide with the geographic, and even constantly moving at a speed of about 10 km per year.

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