What Has Been the Impact of the Widespread Adoption of Automated

question 10

Multiple Choice

What has been the impact of the widespread adoption of automated teller machines (ATMs) on the demand for bank tellers?

• A) The demand for tellers has increased.
• B) The demand for bank tellers has become more inelastic.
• C) The demand for bank tellers has become more elastic.
• D) There has been no change because the ATMs and the employees provide completely different services.

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Definitions:

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Collections of people who share common linguistic, cultural, ancestral, or national characteristics.

Trusts And Monopolies

Economic arrangements or corporations that hold a dominant position or exclusive control over a market or industry, often leading to reduced competition.

Economic Depression

A prolonged period of significant decline in economic activity across a broad spectrum of the economy, marked by high unemployment and low production and consumption.

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