linked lists and dynamic memory

I've been hearing a lot about these two things but I'm not sure what they are, would anyone mind explaining what they are and how to use them?
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That was very fast, would you mind explaining to me what exactly I would use them for?
Dynamic memory anytime you... well need dynamic memory. For example, in a list or a tree.

As to lists - you would use those if fast insertion and removal of elements is more important than fast access.
Ok that helps thank you.
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