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Questions
What is an ATM?
Explain: ATM
Briefly explain ATM.
Explain
Long Answer
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Solution
- A bank-installed Automated Teller Machine (ATM) where account holders can withdraw and deposit cash at the machine.
- ATMs are open year-round and available 24/7. It is extremely easy and time-saving for both the bank and its customers.
- It is extremely handy and time-efficient for both the bank and the customers.
- A customer can perform various financial transactions, e.g., fund transfers, cash withdrawals, cash deposits, account statements, or account information inquiries at any time without direct interaction with staff members.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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Chapter 14: Banking - EXERCISES [Page 274]
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