ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In your wallet
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In your checkbook
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On your ATM card
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In a secure place at home
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Detailed explanation-1: -This PIN code ensures that the card owners are carrying out the transactions and hence, they are authentic. Automated Teller Machine (ATM). PIN stands for Personal Identification Number that is unique to each ATM card. This PIN code ensures that the transactions are carried out by the card owner.
Detailed explanation-2: -Use secure ATM machines – under video surveillance or inside of a bank lobby. They’re less likely to be tampered with. Thieves have to take more risk installing skimmers where there are security cameras. Cover the ATM keypad as you’re entering your PIN-just in case there’s a hidden camera around.
Detailed explanation-3: -An ATM allows customers with credit or debit cards to carry out basic banking transactions without the aid of a human bank teller. Customers can use them to withdraw cash, check their bank balance or get a printed balance statement. Some ATMs also allow customers to make cash deposits and move funds between accounts.
Detailed explanation-4: -Be aware of your surroundings, particularly at night. Have your ATM card ready and in your hand as you approach the ATM. Visually inspect the ATM for possible skimming devices. Be careful that no one can see you enter your PIN at the ATM. More items