_____ is used almost exclusively by the banking industry for check processing.
A) MICR
B) OCR
C) MIDI
D) OCM

Question

Quizplus · Accepted Answer

MICR (Magnetic Ink Character Recognition) is a technology used by banks to automate the processing of checks. It involves printing the check information in a special magnetic ink that can be read by machines, which speeds up the check processing and helps reduce errors. OCR (Optical Character Recognition) is a similar technology that uses optical scanners to read characters on paper documents, but it is used in a wider range of industries beyond banking. MIDI (Musical Instrument Digital Interface) and OCM (Optical Cable Modem) are not related to check processing at all.

_____ Is Used Almost Exclusively by the Banking Industry for Check