Western Transit Bank has 150 automated teller machines (ATMs) across the country. Customers can use these machines to withdraw money, deposit money in their bank accounts, check their account balance, and transfer money to other accounts. These machines enable Western Transit Bank to carry out some of its operations smoothly.
In the given scenario, the ATMs of Western Transit Bank can be classified as ___________.

Respuesta :

Answer:

In the given scenario, the ATMs of Western Transit Bank can be classified as "capital or financial assets".

Explanation:

Automated teller machines (ATMs) are electronic system for money withdrawal. This system act as capital or financial assets for individuals who saved money in their respective bank accounts, otherwise its just a machine.

Generally people keep only limited cash with themselves due to security or saving purpose. Thus on sudden needs or for regular requirements too it act as asset. This facility has been activated 24*7 for citizens and prevent them from long waiting ques of bank, added with paper work which use to eat huge time of customers, thus it manages their time too.

Answer:

1. Adjusted balance

18

a trust established while the owner of the trust is still alive 14

2. ATM Automatic (or Automated) Teller Machine

6

accounts are set up to save for specific purchases 6

3. Bond

4

a sum on deposit usually for a given period of time at a fixed interest rate 4

4. Certificates of deposit (CDs)

11

the fee a bank pays you to keep your money 11

5. Checking account

9

a share in the ownership of a company 17

6. Club account

3

like loaning money to the company for interest 3

7. Compound interest

interest figured only on the amount of money in the savings account 16

8. Debit card

investment instrument in which you purchase a part of a collection of investments 15

9. Dividend

13

a commitment of money in order to gain a financial return 13

10. Estate planning

20

the annual interest ÷ cost 20

11. Interest

8

can be used like a credit card, but money is deducted directly from bank account 8

12. Intestate

15

document that specifies how one desires his estate to be distributed upon his death 19

13. Investment

10

planning for the distribution of one's estate after death 10

14. Living trust

5

account allows you to write an instruction to the bank, as a check, to make a payment from that account 5

15. Mutual fund

7

interest figured on the amount of money in the savings account plus the amount of interest already earned 7

16. Simple interest

1

balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement 1

17. Stocks

12

without a will 12

18. Trust

2

permits the customer to make transactions by using a special computer terminal 2

19. Will

17

a share of money earned as profits by a company and distributed to its stockholders 9

20. Yield

19

an estate, or other property or money, given to a person or institution to manage 18

Explanation: