[wodenokoto]

ctr+` is the default behavior on VS Code I use it all the time and I didn’t set it up and I’m sure as hell neither did my co workers.

It’s a nice short cut if you have a keyboard with backtick to the left of 1 in the numeral row. If you’re from a country where keyboards have a different key there, I would recommend setting up a short cut manually.

[dhruvrajvanshi]

It only opens the terminal by default. The key binding is to use the same shortcut to focus back to the editor.

[wodenokoto]

It does that by default too.

[airstrike]

It didn't when I set it up, but I haven't removed the keybindings to test if this has changed recently.

[scottomyers]

Nope. It minimizes the terminal by default, at least on macOS. These keybinds leave the terminal / lower bar open and just shift focus back to the editor.