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On embedded systems it is usually the program ROM.

On most other computers, the active portion is in RAM and if the operating system supports it inactive portions will be kept in virtual memory on the hard disk so that more of the RAM can be kept free for other programs to use.

If the computer includes cache memory, the most recently executed instructions remain in the instruction cache memory and the most frequently used data remain in the data cache memory.

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Eliseo Weimann

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Q: What stores programs currently in use?
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