The statement written in the question is True.We can use one memory location and use it with different values.
For example:- When we are using a loop be it for,while or do-while.The counter that we use for iteration is one and we use that counter to run the loop.We are using a single memory location and we are updating the count in that memory location many times.
for(int i=0;i<1000;i++)
{
//body.
}
We are using i's memory location and changing it 1000 times.
