Question

what is ATM? write it's merits and demerits​

Answer 1

Answer:

Automated Teller Machine (ATM) – It is an electronic machine which is operated by customers and allows performing for financial transactions such as transfer funds, cash withdrawals, and deposits. ... Withdraw cash at any time or in urgent without the help of bank. It ensures privacy to the customers

Explanation:

PLEASE DO ME AS BRAINLIST ..

Answer 2

Answer:

Automated teller machines (ATMs) are electronic banking outlets that allow people to complete transactions without going into a branch of their bank. Some ATMs are simple cash dispensers while others allow a variety of transactions such as check deposits, balance transfers, and bill payments.

MERITS :-

• It is beneficial for travellers .
• It ensures privacy to customers.

DEMERITS :-

• Card retention.
• There is limit of withdrawn of cash .

HOPE IT WILL HELP YOU PLEASE MARK