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The template is of multiple types for WordPress as the template is basically a piece of code or design including HTML/PHP/js code. There can be
1. Code Templated - A theme template file for the posting page, archive page, etc with UI only
2. Design Template - Page builder template like for Elementor
The template can be code only when we work with child themes for customizing default archive pages of a theme. While working with page builders, it can be a design page template with widgets, text, or images.