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Explain What MICR Is and How MICR Readers Work, and What

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Essay

Explain what MICR is and how MICR readers work, and what their uses are.


Definitions:

Reciprocity Norm

A social norm that expects individuals to help those who have helped them, fostering mutual aid and cooperation.

GRIT

A personality trait characterized by perseverance and passion for achieving long-term goals.

Attribution Theory

The theory concerning how people explain individual occurrences of causation, including how people infer the causes of their own and others' behaviors.

Cognitive Dissonance Theory

suggests that individuals experience discomfort (or dissonance) when holding conflicting cognitions, leading them to change attitudes, beliefs, or actions to reduce the dissonance.

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