Automated Teller Machines (ATMs)are Available for 24 Hour a Day

question 103

Multiple Choice

Automated teller machines (ATMs) are available for 24 hour a day use and can be placed in locations other than banks. These machines make banking

• A)difficult to maintain up-to-date balance sheets.
• B)frustrating for banks because they don't know how many customers will use the bank in the evening.
• C)less desirable for customers because they are confusing to use.
• D)more convenient for the customer.

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Definitions:

Umbrella Insurance

A type of extra liability insurance that provides additional coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies.

Business Interruption Insurance

A form of insurance that compensates the insured for continuing expenses incurred while the business is not earning income.

Revenue Losses

These are decreases in income, typically experienced by businesses or governments, resulting from factors like reduced sales, changes in market conditions, or operational challenges.

Fire

A rapid oxidation process, which is a chemical reaction resulting in the emission of heat and light.