Which memory type allows us to hold information for a brief period while we process it?

Short-Term Memory is the correct choice because it specifically refers to the capacity for holding a small amount of information in an active, readily available state for a brief duration. This type of memory is essential in cognitive processes, allowing individuals to retain information, such as a phone number or a list of items, just long enough to utilize it effectively.

Short-Term Memory typically lasts for seconds to minutes and has a limited capacity, often described by the "seven plus or minus two" rule, indicating the average number of items it can hold at one time. This characteristic distinguishes it from other memory types, such as Explicit and Implicit Memory, which deal more with long-term retention and procedural knowledge, respectively. Photographic Memory refers to an extraordinary ability to recall visual information with high precision after only brief exposure, which is not the same as the functional capacity of Short-Term Memory.