Optical Character Recognition (OCR) Is a Technology Confined Primarily to the Banking

question 65

True/False

Optical character recognition (OCR) is a technology confined primarily to the banking industry, where it is used to facilitate high-volume processing of checks.

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Definitions:

Low-Income Developing

Refers to countries with low levels of income per capita, often characterized by limited economic development and facing challenges in poverty, health, and education.

Absolute Income Gap

The absolute income gap measures the difference in income levels between individuals, households, or groups, without considering relative changes over time or comparisons.

Capital Flight

The sudden and large-scale withdrawal of capital or assets from a country due to economic or political instability.

"Brain Drain"

The emigration of highly trained or qualified people from a particular country.