A machine that provides almost any service a human teller can provide is called a(n)
A) ATM.
B) EFT.
C) ACH.
D) POS.
E) FRS.

Question

Quizplus · Accepted Answer

An ATM (automated teller machine) can provide most basic banking services that a human teller can, such as depositing and withdrawing money, balance inquiries, and transferring funds between accounts.

The other options are not as closely related to the concept of a machine replacing a human teller. EFT (electronic funds transfer) refers to the electronic movement of money between banks, while ACH (automated clearing house) is a specific type of EFT used for recurring payments like direct deposit. POS (point of sale) systems are used for processing sales transactions in retail environments, and FRS (Federal Reserve System) is the central banking system of the United States.

A Machine That Provides Almost Any Service a Human Teller