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What is the main function of an ATM?
What is the main function of an ATM?
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Practice Questions
1 question
Q1
What is the main function of an ATM?
To provide loans
To allow cash withdrawals and deposits
To open new accounts
To offer investment advice
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The main function of an ATM is to allow cash withdrawals and deposits.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the main function of an ATM?
Solution:
The main function of an ATM is to allow cash withdrawals and deposits.
Steps: 5
Show Steps
Step 1: Understand what an ATM is. An ATM stands for Automated Teller Machine.
Step 2: Know that the main purpose of an ATM is to help people access their bank accounts.
Step 3: Recognize that one of the primary functions of an ATM is to allow users to withdraw cash.
Step 4: Learn that ATMs also let users deposit cash into their bank accounts.
Step 5: Remember that ATMs can perform other functions, but cash withdrawals and deposits are the main ones.
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