Which of the following statements about HubL filters is TRUE?

HubL filters are versatile tools used for transforming data within your HubSpot CMS templates. They can modify strings (e.g., |lower, |capitalize), format numbers or dates (|currency, |datetimeformat), manipulate arrays, and perform other data processing tasks. This wide range of applications makes them incredibly useful for dynamic content generation. The other options are incorrect: HubL filters are not only used in expressions; they are frequently applied to variables or output directly within template tags. HubL filters can be used in loops to process each item in an iteration. Many HubL filters do accept arguments or parameters to customize their behavior (e.g., |truncate(length=50) or |datetimeformat('%Y-%m-%d')).