BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Branches of banks
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manned counters of banks
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Unmanned cash dispensers
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None of these
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Detailed explanation-1: -Automated Teller Machine (ATM): an unmanned terminal that carries out automated teller functions like dispensing cash, balance enquiries, check deposit acceptance, PIN change, mini statement requests etc. The two most common ATMs are Through-the-Wall (Wall Mounted) ATMs and Stand-Alone (Convenience) cash machines.
Detailed explanation-2: -An ATM is typically made up of the following devices: CPU (to control the user interface and transaction devices) Magnetic or chip card reader (to identify the customer)
Detailed explanation-3: -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.
Detailed explanation-4: -ATMs provide many distinct conveniences. These include cash in hand, account information, deposit capabilities for cash and checks and other financial transactions. No matter how modern and digital the world gets, we all need cash sometimes and can’t always get to a bank teller to make a withdrawal.