JAMB Accounting 2008 Objective — Question 13
Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.
Advertisement
The medium that enables the ATM to read the account details and process transaction directly with the account held in the bank is the
- A. smart card
- B. communication network
- C. magnetic stripCorrect
- D. computerized account
Explanation
The magnetic strip is used to attract the ATM card to the ATM itself.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.