There are many different methods of rendering Greek text or Greek names in the Latin script. The form in which classical Greek names are conventionally rendered in English goes back to the way Greek loanwords were incorporated into Latin in antiquity. In this system, is replaced with c, the diphthongs and are rendered as ae and oe (or ,) respectively; and and are simplified to i and u respectively. In modern scholarly transliteration of Ancient Greek, will usually be rendered as k, and the vowel combinations , , , as ai, oi, ei, ou respectively. The letters and are generally rendered as th and ph; as either ch or kh; and word-initial as rh.

Multi-choice problem: Is it true that is there a y in the greek alphabet?

Pick your answer from: (1). no; (2). yes;
The answer is:
(1).