how Faraday's law works in ATM Machine?
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Faraday's law of induction (briefly, Faraday's law) is a basic law of electromagnetism predicting how a magnetic field will interact with an electric circuit to produce an electromotive force (EMF)—a phenomenon known as electromagnetic induction.
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It states that the induced voltage in a circuit is proportional to the rate of change over time of the magnetic flux through that circuit. In other words, the faster the magnetic field changes, the greater will be the voltage in the circuit
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