If the vector space has dimension n then any basis for the space must contain exactly n linearly independent vectors.
However, if the vector space has dimension n then it is possible to have a set of n-1 vectors in the space that is linearly independent,
For example, R3 has dimension 3 but the set {<1,0,0>, <0,1,0>} is a linearly independent set of vectors in R3, but is not a basis of R3.
So, the answer to your question is TRUE.