Which of these statements is true?

Which of these statements is true?

data that is likely to be used over and over again is not stored in virtual memory on a secondary storage device

virtual memory stores the data commonly used onto a secondary storage device like a hard drive, and stores the data not commonly used into Main Memory RAM

in cache, L$1$ has the largest amount of memory space to store instructions and data, L$2$ has the second largest amount of memory space to store instructions and data, and L$3$ has the smallest amount of memory space to store instructions and data