Final answer:
The phonological loop is the component of Baddeley's model of working memory specialized for verbal material, functioning within the architecture that includes the visuospatial sketchpad, the episodic buffer, and overseen by the central executive.
Step-by-step explanation:
In Baddeley's model of working memory, one component called the phonological loop is specialized for verbal material, such as lists of numbers or words. The phonological loop is one of the three subsystems in Baddeley and Hitch's model that stores different types of information in short-term memory. The visuospatial sketchpad handles visual and spatial data, while the episodic buffer integrates information across these domains with a sense of time, forming an episode-like code. The central executive component orchestrates the process, including the transfer of information to long-term memory.