True or False: The Xpand! 2 virtual instrument plug-in contains presets, patches, and parts for creating instrument sounds.

The statement is true because Xpand! 2 is designed as a versatile virtual instrument within Pro Tools that includes a wide array of presets, patches, and parts. These elements allow users to create a diverse range of instrument sounds, making it a powerful tool for music production. The presets provide ready-to-use sounds, while the patches consist of various sound design options, and the parts enable layering of different sounds to create complex textures. This functionality is especially useful for composers and producers who want to explore a variety of sonic possibilities without needing extensive synthesis knowledge.

Other options suggest limitations or conditions that aren't accurate regarding Xpand! 2's capabilities, as it is equipped to handle a wide range of musical contexts and is not restricted to specific versions or track types.