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Q.

Iron pieces used for storing magnets are called magnetic [[1]].


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Detailed Solution

Iron pieces used for storing magnets are called magnetic keepers.
Magnetic keepers are used to keep magnets from becoming demagnetized. "Magnetic Keepers are small pieces of the soft iron core placed across the magnet's poles to preserve the magnet's strength by completing a magnetic circuit". In addition, a keeper prevents the magnet from being attracted to other metal pieces.
 
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Iron pieces used for storing magnets are called magnetic [[1]].