Question

Which of the following is the major function of an ATM installed by banks?

• A. To distribute cash by way of withdrawal from one's account
• B. To transfer money from one place to another place
• C. To detect fake currency notes
• D. To arrange currency notes in serial order and count them

Answer 1

The correct option is A To distribute cash by way of withdrawal from one's account

Automated Teller Machine (ATM) is an electro-mechanical machine that is used for making financial transactions basically to withdraw money from personal bank accounts.