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What is the proper structure of the variable that represents the translatable static text in Template Content?

Universal Containers wants their documents to be translated into multiple languages. The Admin has already provided translations for the merge fields, but wants to create translations for the static text.

What is the proper structure of the variable that represents the translatable static text in Template Content?
A . {!Text.VariableName}
B . {$Data.VariableName}
C . {!Data.VariableName}
D . {$Text.VariableName}

Answer: A

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