Which of the following statements best describes the difference between volatile and non-volatile memory?

1
Volatile memory loses its data when the computer is turned off, while non-volatile memory retains its data.
2
Volatile memory is slower than non-volatile memory in data access.
3
Volatile memory is used for long-term storage, while non-volatile memory is used for temporary storage.
4
Volatile memory is more expensive than non-volatile memory.

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