When there is a moving magnet in the vicinity of a coil, there will be electric current flowing through the coil.
True
According to Faraday's law of electromagnetic induction, whenever there is a change in the magnetic field linked with a coil, electricity is induced in the coil.
So, when a magnet is moving in the vicinity of a coil, the magnetic field around the coil varies continuously and induces a current in the coil. Hence the given statement is true.