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

Question

Quizplus · Accepted Answer

The definition provided in the question perfectly matches with Automated Teller Machine (ATM). An ATM allows customers to make deposits,get cash,transfer funds from one account to another,and check balances electronically. Hence, option C is the correct answer. Option A is partially correct, as an Automated Banking Machine (ABM) is used in some countries instead of ATM, but C is a more specific answer that covers all regions. Option B is incorrect as Virtual Bank is an online-only financial institution, and it does not provide physical ATMs or deposit machines. Option D is also incorrect as a smart card is a plastic card embedded with a microchip that stores data, and it needs a card reader to function, which is not the case with ATMs.

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