Final answer:
The medial temporal lobes, hippocampus, and amygdala are important components of the limbic system involved in explicit memory formation and retrieval.
Step-by-step explanation:
The medial temporal lobes in the cerebral cortex and other parts of the limbic system, which includes structures such as the hippocampus and the amygdala, are involved in explicit memories.
These areas are crucial for the consolidation and retrieval of long-term memories, as demonstrated by the famous case study of patient H.M., who lost the ability to form new memories after both of his medial temporal lobes were removed to control seizures. This function is a sensory one where memories are often recalled sensations linked to previous experiences.