Final answer:
The statement is false, as banked curves are designed with the outer edge raised to facilitate high-speed maneuvering, which can be navigated without friction at an ideal angle and speed.
Step-by-step explanation:
The statement 'A banked road is higher on the inside of curves than on the outside' is FALSE. In reality, a banked curve is designed such that the outer edge of the curve is raised relative to the inner edge. This sloping design helps vehicles negotiate the curve more effectively. In the context of an 'ideally banked curve,' this angle allows for navigating the curve at a certain speed without requiring friction between the tires and the road. Centrifugal force, a fictitious force perceived in a rotating non-inertial frame of reference, plays a role in how these curves are navigated at high speeds, as seen in examples like the Daytona International Speedway in Florida.