Question

Which of the following is NOT true about an ATM? A. ATM stands for "Access or Transfer Money". B. An ATM is available virtually 24 hours a day. C. You can make a deposit at your bank's ATM. D. You can transfer money between your own accounts.

Answer 1

Answer: A. ATM stands for "Access or Transfer Money"

Explanation:

An ATM stands does not stand for Access or Transfer Money, even though it offers those services.

Nay, it stands for Automated Teller Machine which is to say that it can do the job of a bank Teller, only it can do more and can do it Automatically and outside a bank.

Option A is therefore correct.

Answer 2

Answer:

A. ATM stands for "Access or Transfer Money".

Explanation:

ATM stands for Automated Teller Machine, not "Access or Transfer Money".

ATM is a specialized computer that ease the process of managing money by an individual that an account with a bank.

It is always available 24 hours daily to allow withdrawal of money, transfer of money between different accounts, and many ATMs allow deposits of money.