Business Services-2 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-22 Marks
Question
Explain $ATM.$
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Answer
$ATM$ means Automated Teller Machine. Bank for this facility provides $ATM$ card and secret pin. Bank has installed machines which accept this type of facility at specific places in its branches.
Through $ATM$ Card from machines the amount less than balance in the account and more than minimum can be withdrawn.
In the present time one can withdraw money from the account of other bank.
But one has to pay extra charges for this facility.
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