Working memory and fluid intelligence are closely related but distinct cognitive constructs, with research demonstrating that working memory is only one component contributing to fluid intelligence rather than being entirely equivalent to it.
The claim states that working memory is 'entirely equivalent' to fluid intelligence. Multiple retrieved papers explicitly demonstrate that while working memory and fluid intelligence are strongly correlated, they are separable constructs; working memory capacity is only a partial mediator or contributor to fluid intelligence, and other factors are involved. Therefore, the claim is refuted by the literature.