Before ATMs, the Average Bank Branch Employed 20 Employees; After

question 206

Multiple Choice

Before ATMs, the average bank branch employed 20 employees; after ATMs, the average branch employed 13 employees, but banks have opened more branches. These developments suggest that

• A)ATMs are purely substitutes for labor in banking.
• B)labor and ATMs are substitutes in some bank functions, complements in others.
• C)ATMs are purely complements for labor in banking.
• D)labor and ATMs are neither substitutes nor complements in banks' various functions.

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Definitions:

Liverworts

Non-vascular plants belonging to the division Marchantiophyta, among the earliest land plants.

Dominant Sporophyte

A phase in the life cycle of plants and algae that is diploid and typically the most conspicuous and long-lived phase.

Ginkgos

A genus of highly unique trees known for their distinctive fan-shaped leaves; considered living fossils, as they have no close living relatives.

Gymnosperm

A group of seed-producing plants that includes conifers, cycads, ginkgo, and gnetophytes, which do not form flowers and fruits.