RAM stands for Random Access Memory.

The statement that RAM stands for Random Access Memory is true. RAM is a type of computer memory that allows data to be read from or written to any location within the memory, without the need for sequential access. This means that the computer can access any piece of data stored in RAM directly and quickly, which is why it is referred to as "random access." RAM is a vital component for computers as it provides temporary storage for data and instructions that are actively being processed by the CPU.