Commercial Applications
ATM means:
- Any Time Money
- Amount Transaction Message
- Auto Transfer Money
- Automated Teller Machine
Answer
Automated Teller Machine
Reason — ATM stands for Automated Teller Machine. It is a self-service device that allows users to perform various banking transactions (cash withdrawal, balance inquiry, fund transfer, bill payment, deposit, mini statements, PIN change) without the need for direct interaction with bank personnel, round the clock.
Related Questions
In this type of account, no cheque book is issued to the account holder:
- Fixed Deposit account
- Open account
- Saving Deposit account
- Current account
A bank is a …………… which collects money from the public in the form of deposits and lends the same to the borrowers.
- company
- Reserve bank
- government organisation
- Lender of the last resort
The …………… is an extract or copy of the customer's account in the bank's ledger as on a particular date.
- Passbook
- Pay-in-slip book
- Cheque book
- Withdrawal form
Central bank is the sole …………… of the country's foreign currency reserve.
- Dealer
- Consumer
- Custodian
- User