Study

ATM

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  • What year was the first ATM opened?
    1997
    1967
    1977
    1987
  • What does ATM stand for?
    Automatic Teller Machine
    Automated Telling Machine
    Automated Teller Machine
    Automatic Telling Machine
  • What is one of the modern things new ATMs DON'T allow users to do?
    Print digital photos
    Exchange foreign currencies instantly
    Top up your phone
    Print a bank statement
  • What inspired John Shepherd-Barron to come up with the idea for the ATM?
    An automated ticket dispenser at a train station
    A chocolate bar vending machine
    A cigarattes vending machine
    A public payphone coin slot
  • Why do we use a four-digit PIN today instead of a six-figure number?
    Shepherd-Barron's wife could only remember four digits
    That was about the year of each person's birth
    The bank's computer system could not process six figures
    A four-digit number was safer against bank frauds
  • Where was the first ATM opened?
    London
    Lisbon
    New York
    Paris
  • Why did banks need an automated cash machine solution in the 1960s?
    Because banks were only open until 3:30 p.m.
    Because paper banknotes were being replaced by digital coins
    Because banks would take a big interest for each transaction
    Because banks were closed on weekends
  • How much money did the first cashpoint allow customers to take out at a time?
    any amount people wanted
    £10 exactly
    any amount up to £10
    any amount up to £20