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Memory refers to random access memory (RAM) and storage refers to your hard disk space. Hard disk is what you save all you files and operating systems on and ram remembers where to find recently used items in order to bring them back fast. It's like if you think of your house as your storage. All the stuff you own is in your home but stuff you used recently you remember exactly wear it is, like maybe you wallet or keys, and that would be your memory

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