Answered

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QUESTION ONE

a) State four (4) uses of an Automated Teller Machine (ATM).

Sagot :

GinnyAnsweridn

Final answer:

ATMs have multiple functions in banking, including cash withdrawals, deposits, balance inquiries, and transfers.


Explanation:

Automated Teller Machines (ATMs) have various uses in the banking industry:

  1. Cash Withdrawals: ATMs allow customers to conveniently withdraw cash without visiting a physical bank branch.
  2. Deposits: Some ATMs now accept cash and check deposits, providing a convenient way for customers to put money into their accounts.
  3. Balance Inquiries: Customers can check their account balances and recent transactions at ATMs.
  4. Transfers: ATMs enable users to transfer funds between linked accounts or even to third parties in certain cases.

Learn more about Functions of Automated Teller Machines (ATMs) here:

https://brainly.com/question/38979555


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