True or false? the prefix kilo means 1000 when referring to speed and 1024 when referring to storage.

Yes, it is true, because the kilobyte is several of the unit byte for digital in order. The International System of Units (SI) defines the prefix kilo as 1000 (103). So, one kilobyte is 1000 bytes. Therefore, a kilobyte is still usually used to refer to 1024 bytes.