Question

3. MICR input device is generally used in banks as there are large
number of cheques to be processed every day.
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Answer 1

Answer:

Magnetic Ink Card Reader (MICR) MICR input device is generally used in banks because of a large number of cheques to be processed everyday. The bank's code number and cheque number are printed on the cheques with a special type of ink that contains particles of magnetic material that are machine readable

Explanation:

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