Cloud Memorystore with Redis -> Correct. Cloud Memorystore provides fully managed in-memory data store service for Redis. Redis is an open-source, in-memory data structure store, used as a database, cache and message broker. It's ideal for applications that require a cache to reduce latency, such as an e-commerce application.
Cloud Storage -> Incorrect. Cloud Storage is an object storage service for storing and retrieving any amount of data at any time. It is not suitable for use as a caching solution.
Cloud Firestore -> Incorrect. Cloud Firestore is a NoSQL document database that lets you easily store, sync, and query data at global scale. However, it's not primarily designed to serve as a caching layer.
Cloud Spanner -> Incorrect. Cloud Spanner is a fully managed relational database with unlimited scale, strong consistency, and up to 99.999% availability. Although it's a powerful database service, it's not the best choice for a caching solution.