FAQs stands for Frequently Asked Questions. It is a section added to most websites to improve user experience by providing useful information quickly and easily.
A well-planned FAQ can be good for SEO, as the format is conducive to having internal links using headings that are SEO friendly.
For example, a farming site could have the question “Where do I find out about pigs?” in its FAQs and then an answer linking to its pig section.
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