Variable Create A Memory Cell ?

Does a variable create a memory cell, or is it actually the memory cell, for example: Dim Answer As DialogResult

This is the explanation I have written for that line of "This line of code uses a Dim (Dimension) statement to declare a variable called Answer.

This variable creates an object to store the users answer to a dialog result." and this is the explanation that my friend said it was:

"This line of code uses a Dim (Dimension) statement to declare a variable called DialogResult. This variable is a memory cell to store the users answer to the dialog result."