(Last Word)The Rapid Spread of ATMs Has

question 128

Multiple Choice

(Last Word) The rapid spread of ATMs has:

• A) resulted from changes in banking laws.
• B) increased the demand for bank tellers.
• C) reduced the demand for bank tellers.
• D) increased the hourly wage paid to bank tellers.

---

Definitions:

Discount on Bonds Payable

The difference between the face value and the selling price when bonds are sold for less than their face value.

Long-Term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable, long-term lease obligations, and pension liabilities.

Times Interest Earned Ratio

A financial metric measuring a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Income Statement

A financial report that shows a company's revenue, expenses, and profits over a specific period.