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What does MICR stand for?

55. What does MICR stand for?

1. Magnified Image Character Recognition
2. Multilingual Image Coding and Recognition
3. Machine Input Code Reader
4. Magnetic Ink Character Recognition

Answer

The correct answer is: D) Magnetic Ink Character Recognition

Explanation

MICR stands for Magnetic Ink Character Recognition, it describes the technology used for reading characters printed with magnetic ink on financial documents like checks.