MICR, the technology used to read bank cheques, stands for:
- A.Magnetic Ink Character Recognition
- B.Magnetic Image Code Reader
- C.Micro Ink Character Reader
- D.Magnetic Induction Character Recognition
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The row of numerals printed at the foot of a cheque is set in magnetic ink, and a MICR reader senses the magnetic pattern rather than the shape of the figures, so the code is read correctly even when the cheque is stamped or soiled.
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