Question

Consider an automated teller machine. What is the purpose of an automated teller machine?

1) To withdraw cash
2) To deposit cash
3) To check account balance
4) All of the above

Answer 1

An automated teller machine (ATM) serves multiple purposes, including withdrawing cash, depositing cash, and checking account balance. It provides easy access to money and allows individuals to manage their finances conveniently.

Step-by-step explanation:

An automated teller machine (ATM) serves multiple purposes, including withdrawing cash, depositing cash, and checking account balance. It facilitates transactions by providing easy access to money through methods like writing a check or using a debit card. With an ATM, individuals can conveniently manage their finances without having to make a trip to the bank.