How can TypeScript's Utility Types be used to transform existing types?
Instruction: Discuss the concept of Utility Types in TypeScript and provide examples demonstrating their use in type transformation.
Context: This question aims to explore the candidate's knowledge of TypeScript's built-in Utility Types for modifying and transforming types, showcasing their flexibility and power in type manipulation.
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To clarify, Utility Types in TypeScript are a set of generic types built into the TypeScript library...