An Electronic Machine That Allows Customers to Make Deposits,get Cash,transfer

question 56

Multiple Choice

An electronic machine that allows customers to make deposits,get cash,transfer funds from one account to another,and check balances is

• A) an automated banking machine.
• B) the virtual bank.
• C) an automated teller machine.
• D) a smart card.

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Definitions:

Supply and Demand

The basic economic principle that determines the price of goods and services in a market, based on the quantity available (supply) and the desire of consumers to purchase (demand).

Demand Curve

A visual model that illustrates the link between the cost of a commodity and the volume of demand from buyers at those costs.

Secondary Market

A marketplace where investors buy and sell securities, such as stocks and bonds, from other investors rather than from issuing companies directly.

Ticket Price

The cost charged for admission to an event, such as a concert, movie, or sports game.