MICR magnetic ink character recognition used in

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MICR magnetic ink character recognition used in ________.

A. Office

B. Banks

C. Corporate

D. Admin

Answer: Option B

Solution (By Examveda Team)

MICR magnetic ink character recognition used in Banks. Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.

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