Final answer:
True, Ginkgo Biloba is the only living member of the phylum Ginkgophyta, often referred to as a "living fossil" due to its sole survivor status within the phylum.
Step-by-step explanation:
True, Ginkgo Biloba is the only living species of the phylum Ginkgophyta. Ginkgo Biloba, often referred to as a "living fossil," stands as a unique example in the biological world; it is the sole surviving species of an entire phylum. As a phylum in the plant kingdom, Ginkgophyta represents a significant division that is comprised of genetically related organisms that share a common structure; however, all other species related to Ginkgo within this phylum have become extinct.
Distinctive features of Ginkgo Biloba include its fan-shaped leaves with dichotomous venation, a pattern uncommon among seed plants. These leaves turn a striking yellow in the autumn before falling off. The tree also exhibits 'spur shoots' which help in identification during the winter months. Native to Asia, the ginkgo tree has been cultivated for centuries, particularly by Buddhist monks, and is valued for its resistance to pollution when planted in urban areas. Additionally, it's noteworthy that male and female organs are found on separate plants. Only male trees are commonly planted due to the unpleasant odor produced by the seeds of the female trees.
The final answer is that the statement is true. In two line explanation: Ginkgo Biloba is indeed the only extant member of the Ginkgophyta phylum, a unique status signifying its survival while all other members have gone extinct. Furthermore, the 300 words explanation provided helps to understand the significance of this living fossil in the plant kingdom.