A) Magnetic Ink Character Reader
B) Magnetic Ink Code Reader
C) Magnetic Ink Case Reader
D) Magnetic Input Character Reader
E) Magnetic Instant Code Reader
Correct Answer: A
Solution :
[a] MICR stands for Magnetic Ink Character Reader. It is a character recognition system that uses special ink and characters. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters. MICR technology is used by banks.
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