Answer
True
Work Step by Step
Let $s(t)$ be the position function of the particle.
The velocity of the particle can be defined as the rate of change of the position function and can be written as: $v(t)=\dfrac{d (s(t))}{dt}$.
or, $v(t)=s'(t)$
The $s'(t)$ is the instantaneous velocity of the position function.
So, the given statement is True.