This looks like a scanned image of a printed paper.
Circumstantial Evidence:
--I blew up the image and the characters like "C" are not identical. This suggests printed ink.
--There is noise around the letters. This suggests a paper was scanned and/or bits of ink.
The evidence does not conclusively prove that it is a scanned paper. But I don't see the point in intentionally generating noise and inconsistent fonts in an image.