Question: What is the difference between the two memory types in a computer: RAM and hard drives / extemal / peripheral storage? The only difference is

What is the difference between the two memory types in a computer: RAM and hard drives/extemal/peripheral storage?
The only difference is speed - hard drive or external storage is faster and RAM is slower
RAM is faster but temporary and has less space, external storage or hard drive is slower but permanent and has more space
extemal storage or hard drive is faster but temporary and has less space, RAM is slower but permanent and has more space
The only difference is speed - RAM is faster and hard drive or external storage is slower
What is the difference between the two memory

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