The correct option is A True
Iron (II,III) oxide is the chemical compound with formula Fe3O4. It occurs in nature as the mineral magnetite. It is one of a number of iron oxides, the others being iron(II) oxide (FeO), which is rare, and iron(III) oxide (Fe2O3) also known as hematite. Fe3O4 contains both Fe2+ and Fe3+ ions and is sometimes formulated as FeO ∙ Fe2O3.