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Describe the two fundamental types of stream classes in Java and their specific use cases for I/O operations.

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The two types of stream classes are Byte stream classes and Character stream classes, both located in the java.io package. Byte stream classes are used for Byte oriented I/O, which is suitable for machine-readable binary files. Character stream classes are used for Character oriented I/O, designed for human-readable text files that use a specific character encoding scheme like Unicode.