Question

I. Answer these questions.

3. Write the purpose of a Magnetic Ink Character Reader.​

Answer 1

Answer:

• The magnetic ink allows a computer to read the characters even if they have been covered with signatures, cancellation marks, bank stamps, or other marks.

• MICR lines help facilitate automatic check-clearing when banks send their checks to central processing systems at the end of the day.

Answer 2

$\tt \underline \colorbox{red}{Magnetic Ink Character Reader}$

The magnetic ink allows a computer to read the characters even if they have been covered with signatures, cancellation marks, bank stamps, or other marks.

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