Which of the following is NOT considered hard copy?

The correct answer pertains to the definition of "hard copy." Hard copy typically refers to physical representations of data or images that can be printed and are tangible. This includes items like computer printouts, facsimile pages, and teletypewriter pages, all of which produce a physical document that can be held and seen without the need for electronic devices.

In contrast, magnetic tapes are a storage medium that holds data in a digital format. They do not have a physical printed representation of that data until it is transferred or printed out. Therefore, magnetic tapes are classified as data storage devices rather than hard copy materials. This distinction makes them the option that does not belong in the category of hard copy. Understanding this differentiation between types of data representation is crucial for grasping the various modes of data storage and output in the payments industry.