Examlex
Which of the following is an input file necessary to run an MRP system?
MICR Recording Area
A section on checks encoded with magnetic ink character recognition technology to facilitate the electronic processing of bank checks.
Routing Number
A nine-digit code used in the United States to identify a financial institution in a transaction.
ABA Number
A fraction appearing in the upper-right corner of all printed checks that identifies the geographic area and specific bank on which the check is drawn.
Pay to the Order
A financial instruction found on a check, directing the bank to pay a specified amount to the individual or entity named.
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