Mention the correct abbreviation for ATM:
Correct Answer :
Automated teller machine
Solution :
The correct option is Automated teller machine.
Step-by-Step Explanation:
1. Understanding ATM: ATM stands for Automated Teller Machine. It is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
2. Breakdown of the Term:
• Automated: Operates automatically without requiring human intervention for routine tasks.
• Teller: Refers to a bank employee who handles cash and customer transactions; here, it signifies the machine performing bank teller services.
• Machine: The physical electronic device providing the service.
3. Conclusion: Therefore, the correct abbreviation/expansion for ATM is Automated teller machine.
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