Question

What is ATM ? State its five advantages.​

Answer 1

$\large{\mathtt{\boxed{\red{ATM:-}}}}$

An ATM, which stands for automated teller machine, is a specialized computer that makes it convenient to manage a bank account holder's funds. It allows a person to check account balances, withdraw or deposit money, print a statement of account activities or transactions, and even purchase stamps.

$\large{\mathtt{\boxed{\pink{Advantages:-}}}}$

• The ATM provides 24 hours service.
• The ATM provides privacy in banking communications.
• The ATMs reduce the workload banks staff.
• The ATM may give customer new currency notes.
• The ATMs are convenient for banks customers.
• The ATM is very beneficial for travelers.

Answer 2

A.T.M. (Any Time Money and Automatic Teller Machine) is a system in which money can be withdrawn at any time.

Its advantages are:

1. It has made the banking functin very easy and convenient.

2. It saves the time consumed in transaction.

3. One can withdraw money from any where within the country when required.

Hope it's helpful.