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What does MICR stand for?
55. What does MICR stand for?
- Magnified Image Character Recognition
- Multilingual Image Coding and Recognition
- Machine Input Code Reader
- 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.