Final answer:
The program counter points to the memory address of the instruction that the CPU is currently executing.
Step-by-step explanation:
The statement is True.
A program counter is a register in the CPU that keeps track of the memory address of the instruction that the CPU is currently executing. It points to the next instruction to be fetched and executed. The program counter is incremented after each instruction is executed, causing the CPU to move to the next instruction in memory.