The Introduction of ATMs in the Banking Industry Illustrates That

question 35

Multiple Choice

The introduction of ATMs in the banking industry illustrates that ATMs

• A)can be substitutes for labor in handling cash deposits and withdrawals, but they can be complements for labor in other banking functions.
• B)are more productive substitutes for labor in most banking transactions, thereby reducing the long-term demand for labor by banks.
• C)increased the demand for labor by banks because the ATMs proved to be less productive substitutes for labor.
• D)are much better complements for labor, causing banks to reduce the number of their branch locations.

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Definitions:

Electrodes

Conductive materials that are used to establish electrical contact with a nonmetallic part of a circuit, like the human body.

Endorphins

Neurochemicals produced by the body that reduce pain and boost happiness, often referred to as "feel-good" hormones.

Pain

A discomforting sensation often associated with damage to the body, signaling harm or potential injury.

Pleasure

A feeling of happiness, satisfaction, or enjoyment that can be derived from physical, emotional, or cognitive experiences.