A) Magnetic Ink Character Register
B) Magnetic Ink Code Reader
C) Magnetic Ink Code Register
D) Magnetic Ink Character Recognition
E) Magnetic Ink Cases Reader
Correct Answer: D
Solution :
[d] MICR stands for Magnetic Ink Character Recognition. It is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. MICR provides a secure, high-speed method of scanning and processing information.
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