The above article is correct.
You say "monitor" though I assume you mean HDTV. Pretty much any HDMI cable will work fine, though there are different qualities of cables so it's a good idea to have more than one cable for troubleshooting purposes. HDMI version 1.4 is pretty much standard now. HDMI version 2 is for 4K screens.
240Hz:
It may not be explained too well in the above link, however if we're talking 120Hz or 240Hz motion smoothing for example, it works like THIS:
a) 24Hz (Frames Per Second) video is turned into 60Hz signal to HDTV*
b) Several frames are analyzed and THREE MORE (for 240Hz) are artificially created for each "real" frame
c) 240Hz signal is displayed
*In some HDTV's the 24Hz signal is taken in and only displayed...