Automated Teller Machines

question 133

Multiple Choice

Automated teller machines

• A)are more costly to use than human tellers,so banks discourage their use by charging more for use of ATMs.
• B)cost about the same to use as human tellers in banks,so banks discourage their use by charging more for use of ATMs.
• C)cost less than human tellers,so banks may encourage their use by charging less for using ATMs.
• D)cost nothing to use,so banks provide their services free of charge.

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Definitions:

Current Asset

Assets likely to be converted into cash, sold, or consumed within a year or normal operating cycle, such as cash, inventory, and accounts receivable.

Converted To Cash

The process of liquidating assets or investments to obtain cash, often used to meet short-term financial obligations.

Investments

Assets acquired for the purpose of generating income or profit, including stocks, bonds, real estate, or other vehicles.

Total Dollar Amount

The complete or aggregate sum of money expressed in dollars, typically referring to a specific financial transaction or set of transactions.