Examlex
The figure shows conventional current passing through a resistor. The arrow shows the direction in which this conventional current is flowing. Which of the following statements are correct? (There could be more than one correct choice.)
Debit Transaction
A financial transaction in which money is taken out of a bank account, typically reflecting a purchase or payment.
Smaller Fees
Lesser charges or costs imposed for services, transactions, or regulatory requirements.
MICR Numbers
Magnetic Ink Character Recognition numbers; used primarily on checks for the purpose of easy processing by financial institutions.
Magnetic Ink
A type of ink formulated with iron oxide particles for magnetic character recognition applications, commonly used in banking.
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