Q4. An ATM machine works like a CPU write the steps to use an ATM machine.
Answers
Answer:
The automated teller machine (ATM) is an automatic banking machine (ABM) that allows the customer to complete basic transactions without any help from bank representatives. There are two types of automated teller machines (ATMs). The basic one allows the customer to only draw cash and receive a report of the account balance. Another one is a more complex machine that accepts the deposit, provides credit card payment facilities and reports account information.
it is an electronic device that is used by only bank customers to process account transactions. The users access their accounts through a special type of plastic card that is encoded with user information on a magnetic strip. The strip contains an identification code that is transmitted to the bank’s central computer by modem. The users insert the card into ATMs to access the account and process their account transactions. The automated teller machine was invented by john Shepherd-Barron in the year of 1960.
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Answer:
Step 1: Insert your card. Insert your debit card or credit card into the machine to begin the transaction.
Step 2: Type in your PIN. This is typically 4 digits but can be longer. ...
Step 3: Choose a type of transaction. ...
Step 4: Enter the transaction amount. ...
Step 5: Select your receipt preference. ...
Step 6: Take your card.