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If statements in Microsoft Word templates allow for comparing values to dynamically display document content based on the comparison result. If fields are useful for comparing the values of composer merge fields. Components include expressions to compare, operators (equal to, not equal to, etc.), true text for true comparison, and false text for false comparison. For example, if account billing country is USA, display domestic shipping rates on the invoice; otherwise, display international shipping rates. This helps conditionally show or hide shipping information based on the account billing.