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The correct answer is (B) execute phase.

In a typical computer architecture, the fetch-execute cycle is the basic operation performed by the central processing unit (CPU). The cycle consists of two main steps: the fetch phase and the execute phase. During the fetch phase, the CPU retrieves the next instruction from memory. The instruction is then decoded during the decode phase to determine what operation needs to be performed. The operands required for the operation are then fetched during the execute phase. Once the operands are fetched, the CPU performs the operation and stores the result in the appropriate memory location during the write-back phase. Therefore, the operand is fetched from memory during the execute phase of the fetch-execute cycle.
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