Right answer is (b) Static Random Access Memory
Explanation: SRAM is a type of volatile memory (volatile as in, it retains the data as long as power is being supplied to it), which is used for faster access of data. It uses bistable latching circuitry to store data bit by bit. Here, a latch is also called a flip flop which basically has two states depending upon the input signal and it is in this way it stores each bit of data.