What is the primary function of an ATM in e-banking?*1 pointa) Depositing cashb) Facilitating foreign exchange transactionsc) Accessing bank accounts remotelyd) Withdrawing cash and other banking services
Question
What is the primary function of an ATM in e-banking?*1 pointa) Depositing cashb) Facilitating foreign exchange transactionsc) Accessing bank accounts remotelyd) Withdrawing cash and other banking services
Solution
The primary function of an ATM in e-banking is c) Accessing bank accounts remotely. While ATMs do allow for cash deposits and withdrawals, their main function in the context of electronic banking is to provide remote access to bank accounts. This includes checking account balances, transferring funds between accounts, and other banking services.
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