Tag Archives: credit-card

Easiest way to learn Income Statement & Balance Sheet

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How does a magnetic stripe on the back of a credit card work?

The ¬≠stripe on the back of a credit card is a magnetic stripe, often called a mags-tripe. The mags-tripe is made up of tiny iron-based magnetic particles in a plastic-like film. Each particle is really a very tiny bar magnet about 20 … Continue reading

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