True/False
MICR enables check processing without further human involvement.
Correct Answer:
Verified
Related Questions
Q1: Consumer electronic funds transfers are covered by
Q2: The payor bank and the drawee bank
Q4: The relationship between the payor bank and
Q5: Mark takes his wife's paycheck to Valley
Q6: A financial institution is liable to its
Q7: Banks may not pay checks issued by
Q8: If a bank receives a check on
Q9: If a depositor in Mountain Bank takes
Q10: A payor bank is is required to
Q11: Point of sale systems permit customers to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents