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Although the ratios of the terms in the Fibonacci sequence do approach a constant, phi, in order for the Fibonacci sequence to be a geometric sequence the ratio of ALL of the terms has to be a constant, not just approaching one.

A simple counterexample to show that this is not true is to notice that 1/1 is not equal to 2/1, nor is 3/2, 5/3, 8/5...

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Q: Is the Fibonacci sequence a geometric sequence?
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