Or, neither true nor false?
*Shamelessly plagiarising UnDisfellowshipped's threads for not being able to respond unilaterally to any of them as he seems to wish.*
First remark: the Bible is a (fortuitous or providential) collection of texts with different perspectives on most issues; so you can bet that about any sentence starting with "the Bible teaches / says etc." is dead wrong. From that point of view the question whether "it is true or false" is impossible per se.
Second remark: true or false to what? (1) 21st century science? (2) Ancient history? (3) Literary aesthetics? (4) Contemporary religious experience and/or philosophical thought? (5) Timeless metaphysical truth?
My provisional answers in a nutshell:
# 1: generally false but this is hardly a flaw imo.
# 2: sometimes true, most often false: a lot of short stories reflect traditions which may have some historical truth behind, although it is hardly recognisable; the great narratives (e.g. Samuel-Kings, Chronicles, Acts) on the other hand generally reflect a deliberate distortion of facts for the sake of a politico-theological agenda.
# 3: it's not about "true and false" anymore really, but a large part of the Biblical narrative and poetry stands out as remarkable literature when compared to other writings of the same period and area.
# 4: the Bible collection offers a unique outlook into the history of religious ideas between the 6th century BC and early 2nd century AD -- despite important lacunae which can be filled with non-Biblical literature. Most of it (including the historical distortions in # 2) reflect the sincere belief of its authors and their community.
# 5: who can tell? However its inspirational force, for the best and the worst, is hardly questionable I think.