BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an ATM used for?
A
Apply for a loan
B
Make an electronic payment
C
Receive bank statement
D
Withdraw money
Explanation: 

Detailed explanation-1: -What is an ATM? ATMs are machines that dispense cash and allow you to make other banking transactions. An ATM typically consists of a screen, a card reader, a keypad, a cash dispenser and a printer. ATMs can be found in many locations throughout the U.S. and the world.

Detailed explanation-2: -ATM full form is Automated Teller Machine which is a self-service banking outlet. You can withdraw money, check your balance, or even transfer funds. Different banks provide their ATM services by installing cash machines in different parts of the country.

Detailed explanation-3: -A debit card allows you to withdraw money from their Automated Teller Machines (ATM) any time of the night or day, all through the year. As a result, you can avoid making a trip to a bank branch during banking hours. To withdraw money from an ATM, you just need to insert your debit card and type in a unique password.

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