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False. The statement contains two inaccuracies about storage and memory.
1. **Speed**: Typically, memory (RAM) is faster to access than storage. RAM provides quick read and write access, which is essential for the operations currently being executed by the CPU.
2. **Cost**: Generally, memory (RAM) is more expensive per gigabyte than storage (such as hard drives or SSDs). Storage, particularly HDD, is usually cheaper in terms of cost per gigabyte but slower in access speed compared to memory.
Therefore, a more accurate statement would be: "Memory is usually more expensive per unit than storage but faster to access."