BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The slang term for an ATM is a money machine. But what is it really known as?
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Automated Teller Machine
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Automatic Transaction Machine
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Any Time Money
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All Time Money
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Explanation:
Detailed explanation-1: -What Is an Automated Teller Machine (ATM)? An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller. Anyone with a credit card or debit card can access cash at most ATMs, either in the USA or abroad.
Detailed explanation-2: -ATM stands for At The Moment. ATM is an internet slang initialism used to show that the sender is busy.
Detailed explanation-3: -An ATM Vending Machine is really just a vending machine that dispenses cash instead of snacks or soda. It sits by the door, waiting to be used just like any other vending machine. But instead of dispensing soda or snacks, it dispenses $20 bills.
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