Class 6 Exam > Class 6 Questions > ATM can be used fora)Cash withdrawalb)Account...
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ATM can be used for
- a)Cash withdrawal
- b)Account enquiry
- c)Statement of account
- d)All of above
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of ac...
ATM can be used for:
Cash withdrawal:
- One of the main functions of an ATM is to allow users to withdraw cash from their bank accounts.
- Users can simply insert their ATM card, enter their PIN (Personal Identification Number), and select the amount of cash they wish to withdraw.
- The ATM dispenses the requested amount of cash, allowing users to access their funds conveniently and securely.
Account enquiry:
- Another useful feature of an ATM is the ability to check account balances and perform other account inquiries.
- Users can select the "Account Enquiry" option on the ATM menu and enter their PIN to access information about their bank account.
- This includes details such as the current balance, recent transactions, and any pending deposits or withdrawals.
- Account enquiry functionality allows users to stay updated on their account status without the need to visit a physical bank branch.
Statement of account:
- ATMs also offer the option to print a statement of account.
- This allows users to obtain a physical copy of their recent transactions and account details.
- By selecting the "Statement of Account" option on the ATM menu, users can choose to print the statement directly from the ATM machine.
- The statement typically includes information such as transaction dates, descriptions, amounts, and the overall account balance.
All of the above:
- The correct answer to the question is option 'D', which states that an ATM can be used for cash withdrawal, account enquiry, and obtaining a statement of account.
- ATMs are designed to provide users with a range of banking services that were traditionally only available at physical bank branches.
- This convenience allows individuals to access their funds, check their account status, and obtain transaction details at any time, even outside of regular banking hours.
- By offering a comprehensive set of features, ATMs have become an integral part of modern banking and have significantly improved the accessibility and convenience of financial services for individuals.
Cash withdrawal:
- One of the main functions of an ATM is to allow users to withdraw cash from their bank accounts.
- Users can simply insert their ATM card, enter their PIN (Personal Identification Number), and select the amount of cash they wish to withdraw.
- The ATM dispenses the requested amount of cash, allowing users to access their funds conveniently and securely.
Account enquiry:
- Another useful feature of an ATM is the ability to check account balances and perform other account inquiries.
- Users can select the "Account Enquiry" option on the ATM menu and enter their PIN to access information about their bank account.
- This includes details such as the current balance, recent transactions, and any pending deposits or withdrawals.
- Account enquiry functionality allows users to stay updated on their account status without the need to visit a physical bank branch.
Statement of account:
- ATMs also offer the option to print a statement of account.
- This allows users to obtain a physical copy of their recent transactions and account details.
- By selecting the "Statement of Account" option on the ATM menu, users can choose to print the statement directly from the ATM machine.
- The statement typically includes information such as transaction dates, descriptions, amounts, and the overall account balance.
All of the above:
- The correct answer to the question is option 'D', which states that an ATM can be used for cash withdrawal, account enquiry, and obtaining a statement of account.
- ATMs are designed to provide users with a range of banking services that were traditionally only available at physical bank branches.
- This convenience allows individuals to access their funds, check their account status, and obtain transaction details at any time, even outside of regular banking hours.
- By offering a comprehensive set of features, ATMs have become an integral part of modern banking and have significantly improved the accessibility and convenience of financial services for individuals.
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Community Answer
ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of ac...
ATMs can be used for various purposes, including cash withdrawal, account inquiries, and obtaining account statements. This provides account holders with convenient access to their funds and account information.
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ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of accountd)All of aboveCorrect answer is option 'D'. Can you explain this answer?
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ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of accountd)All of aboveCorrect answer is option 'D'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of accountd)All of aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ATM can be used fora)Cash withdrawalb)Account enquiryc)Statement of accountd)All of aboveCorrect answer is option 'D'. Can you explain this answer?.
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