Final answer:
Working memory is the memory that holds information temporarily while actively rehearsing it. It is a component of short-term memory and is responsible for holding and manipulating information for brief periods of time before transferring it to long-term memory or discarding it.
Step-by-step explanation:
The memory that holds information temporarily while actively rehearsing it is called working memory. Working memory is a component of short-term memory and is responsible for holding and manipulating information for brief periods of time. It is actively engaged in tasks that require attention, problem-solving, and decision-making. Working memory allows us to hold information in our mind while we rehearse or process it, and then either transfer it to long-term memory or discard it.