Automated Teller Machines (ATMs): Benefits & Drawbacks

Instructions:

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question 1 of 3

Let's say you pull up to an ATM to withdraw $20. You bank at Chase, but the ATM is operated by Citi. The ATM spits back your card and tells you that you can't use the ATM. Why did this happen?

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1. Some shared ATMs may _____ if you use an ATM card from another bank in the network.

2. The introduction of ATMs _____.

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About This Quiz & Worksheet

Test your understanding of Automated Teller Machines (ATMs) with this convenient quiz and worksheet. The quiz requires you to know what happens if you use an ATM card from another bank in the network, among other aspects of this topic.

Quiz & Worksheet Goals

You'll be tested on the following:

  • Why an ATM belonging to another bank might reject your card
  • What could happen if you use an ATM card from another bank in the network
  • What happened when ATMs were introduced
  • A reason to be careful about using an ATM at night
  • Devices installed by criminals on ATMs

Skills Practiced

  • Information recall - access the knowledge you've gained about what occurred when ATMs were introduced
  • Interpreting information - verify that you can read information about the importance of being careful when using an ATM at night and interpret it correctly
  • Knowledge application - use your knowledge to answer a question about devices that criminals install on ATMs

Additional Learning

Keep learning about this topic with the lesson titled Automated Teller Machines (ATMs): Benefits & Drawbacks. Here's a quick look at what's covered:

  • When the first ATM was opened in the United States
  • Benefits and drawbacks of using ATMs
  • The definition of 'shared ATMs'
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