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What Type of Device Reads the Strip of Magnetic Material

question 135

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What type of device reads the strip of magnetic material on the back of your credit card?


Definitions:

Arguments

In economics, this often refers to the presentation and examination of reasons or explanations in support of or against economic theories, policies, or practices.

Government Purchases

Expenditures made by the government sector on goods and services to fulfill its various functions and responsibilities.

Transfer Payments

Payments made by governments to individuals without requiring any goods or services in return, such as welfare or social security.

Goods and Services

The output of an economy's business activities, encompassing tangible products (goods) and intangible offerings (services).

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