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Explanation:

Option 1 refers to magnetic tunnel-junctions.
Option 2, a capacitor refers to a conventional memory chip.
Option 4 is incorrect because a matrix of wires do not represent a binary digit. They are merely used for transmitting pulses and for magnetisation to take place.
The following extract, “In the NRL’s magnetic design, by contrast, each bit is stored in a magnetic element in the form of a vertical pillar of magnetisable material” makes option 3 the correct answer option.
Hence, the correct answer is option 3.

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