Final answer:
A two-way noun can function as both a count and noncount noun depending on the context.
Step-by-step explanation:
A two-way noun refers to a noun that can be used as both a count noun and a noncount noun, depending on the context.
For example, the noun 'paper' can be used as a count noun when we say 'I have three papers to submit.' It can also be used as a noncount noun when we say 'I need some paper for this project.'
Therefore, the statement 'A two-way noun can function as either a count or noncount noun' is true.
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