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>"$" ("$$" to be exact) is actually used in TeX to indicate opening and closing of statements/mathematical expressions.

Both are used. A single $ is used for inline math, the double $$ begins an equation on its own line. For example:

The solution to $ax^2 + bx + c = 0$ will be $$x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a}$$

The first block will be mid-sentence, while the second one will get its own line.




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