There are many names for the many locations in a computer used to temporarily store data; for details, see the "What's the temporary storage area in a computer called?" question.
In particular, most of those locations are on a chip -- for details, see the "What is temporary storage on chips called?" question.
In some kinds of outdoors activities (hiking, camping, geocaching, orienteering, etc.) food and equipment is often temporarily stored in a cache.
Cut/Copy and Paste?
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False, the processor does not use permanent storage to hold both data and instructions while it is processing them. The processor uses temporary storage to hold data and instructions.
The processor uses temporary storage called primary storage, to temporarily hold both data and instructions while it is processing them. Another word for primary storage is called memory.
Programmers often think of a computer as having only one temporary storage area, the random access memory (RAM). People using a computer often use a temporary storage location called the "clipboard". See "The what is a temporary holding area in your PC's memory that holds information you want to cut or move from its current location?" for details. The people who write operating systems and the computer architects that design computer systems and CPUs often use many different temporary storage areas, each one with a different name. Many of these temporary storage areas are stored in chips of silicon -- see the "What is temporary storage on chips called?" for details. Other temporary storage areas are stored on the hard drive -- such as the web page cache, the hibernation file, and the virtual memory swap file.
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RAM (Random Accessed Memory) is "temporary" storage. It is temporary because the type we use in desktops PC's is called, volatile. This means, when power is lost, so is all data stored in memory.
Temporary storage in a computer is designated as RAM (Random Access Memory), and gets reset every time the computer is shut down; unlike permanent storage (Harddrives, Flash Drives). RAM allows a computer to run programs without bogging down the harddrive, which is much slower by comparison.
Migrant workers were also sometimes called "guest workers" or "temporary workers."