Answer:
Random Access Memory
It can be thought of like a computer's short term memory. It works by storing common data that programs are in constant use of, rather than storing the data on a much slower medium like a Solid State Hard Drive (or SSD). RAM doesn't automatically have data saved on each chip though.
RAM, which stands for random access memory, and ROM, which stands for read-only memory, are both present in your computer. RAM is volatile memory that temporarily stores the files you are working on. ROM is non-volatile memory that permanently stores instructions for your computer. Find out more about RAM.