is the nearly unlimited repository where the information we encounter as we go through life ends up

The correct answer is Long-Term Memory.

Long-term memory refers to the storage of information over an extended period. If you can remember something that happened more than just a few moments ago whether it occurred just hours ago or decades earlier, then it is a long-term memory. Most cognitive scientists believe that the storage capacity of long-term memory is unlimited and is a permanent record of everything that a person has learned. You are not directly conscious of long-term memory.

answer; decreased;

answer; continous;