Which of the Following Is Not an Advantage of ATMs

question 2

Multiple Choice

Which of the following is not an advantage of ATMs?

• A)Personalized service
• B)Cost per transaction
• C)Number of transactions processed
• D)Staffing needs
• E)Geographic accessibility

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his theories on free market economics and the 'invisible hand' concept.

Self-sufficiency

The ability of an individual, household, or country to meet all their needs without external assistance or international trade.

Economic Endeavors

Various activities or efforts aimed at the production, purchase, or sale of goods and services in an economy.

Trade Deficits

A scenario where the value of a nation's imports surpasses the value of its exports within a specified period, indicating a net outflow of domestic currency to foreign entities.