I do not know whether or not the statement is true or false, but here is my approach:
We know that $\exists y \in \mathbb{Z}_n : xy = 1$. By definition, in order for ord(x) to be defined, there must exist an $r$ such that $x^r = 1 \in \mathbb{Z}_n$.
In other words, we are given that:
$xy \equiv 1$ (mod n)
$n | xy-1$
Thus, $\exists k \in \mathbb{Z}$ such that $nk = xy-1$.
I don't know where to go from here, though. Could anyone please help?