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What is the main function of an ATM?

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Question: What is the main function of an ATM?

Options:

  1. To provide loans
  2. To allow cash withdrawals and deposits
  3. To open new accounts
  4. To offer investment advice

Correct Answer: To allow cash withdrawals and deposits

Solution: 

The main function of an ATM is to allow cash withdrawals and deposits.

What is the main function of an ATM?

Practice Questions

Q1
What is the main function of an ATM?
  1. To provide loans
  2. To allow cash withdrawals and deposits
  3. To open new accounts
  4. To offer investment advice

Questions & Step-by-Step Solutions

What is the main function of an ATM?
Correct Answer: Cash withdrawals and deposits
  • 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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