How Does an Automated Teller Machine Aid in the Customer's

question 77

Multiple Choice

How does an automated teller machine aid in the customer's ability to conduct transactions whenever needed?

• A) By processing payments in real time, electronically
• B) By allowing a customer to have a line of credit until business can be conducted within regular banking hours
• C) By taking deposits and making loans on demand
• D) By allowing electronic account-related activities every day of the week, 24 hours a day
• E) By transferring funds from the Reserve Bank to meet transaction needs

---

Definitions:

Individuals

Refers to a single human being as distinct from a group, class, or family.

Business Processes

Procedures or sets of activities that are performed in an organization to provide products or services to customers or to manage internal functions.

Customer Satisfaction

A measure of how products or services meet or surpass customer expectations, crucial for maintaining customer loyalty and driving business success.

BPI

A systematic method, Business Process Improvement aims to optimize the basic processes of an organization, leading to enhanced efficiency.