Sort of. Actually the RAM contains the values of the variables. Whenever you define a variable in a programming language, when compiled, this variable is converted to a memory (i.e., RAM) location. In interpreted languages, the RAM usually also contains a list of variables, with their names and types - although details vary, depending on the language.
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No, it can contain variables.
It could
The general name is a "constant".
Equation
A system of equations.