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Default Determining if two columns values are equal/close

I have two columns of data as seen below:

ColA ColB
1 Acme Acme Inc.
2 XYZ ABC
3 Seal Seals

I need to define in Col C whether or not data from col A and B are equal or
close to being equal by using a True/False result. For example, row 1 and 3
would be a match. However row 2 would not.
 
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