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Creating if statements in Microsoft Word templates allows for comparing values and displaying content based on the result of the comparison. If fields are useful for dynamically comparing composer merge fields to display appropriate results. For example, you can show domestic shipping rates on an invoice if the account's billing country is USA, or show international shipping rates if not. If statements include values to compare, operators, true/false text to display based on the comparison, and can be used to conditionally show or hide shipping information on the invoice.