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What is the difference between text and binary modes?

Streams can be classified into two types: text streams and binary
 streams. Text streams are interpreted, with a maximum length of 255
 characters. With text streams, carriage return/line feed combinations
 are translated to the newline n character and vice versa. Binary
 streams are uninterrupted and are treated one byte at a time with no
 translation of characters. Typically, a text stream would be used for
 reading and writing standard text files, printing output to the screen or
 printer, or receiving input from the keyboard.
 A binary text stream would typically be used for reading and writing
 binary files such as graphics or word processing documents, reading
 mouse input, or reading and writing to the modem.