According to socio-economic theory, it is TRUE that in modern society, stratification is usually determined by income and other forms of wealth, such as stocks and bonds.
This implies that people are mostly rated, valued, and accorded based on their material possession.
It is through material wealth that society is divided into the upper class, middle class, and lower class.
However, it should also be noted that power and prestige are also significant factors in stratification, as can be observed by the value placed on political officeholders.
Hence, in this case, it is concluded that the correct answer is "True."
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