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.exe is sort form of the word "executable", when the C program is compile successfully then it generate file_name.exe file that contains an encoded sequence of instructions that the system can execute directly, If we open that file.
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An .exe file in C is a binary executable file that can be directly run by the operating system. It is produced by linking one or more object files that contain the compiled C code and any required libraries. An .exe file contains the machine code instructions that the CPU executes to perform the tasks defined by the C program.