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Is withdrawing money from an ATM an example of batch processing?
Wiki User
∙ 8y ago
No, withdrawing money from an ATM is an example of Real-Time Processing as you are taking money out/putting in at that moment.
Evan McKeown
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Draw a sequence diagram for withdrawing money from ATM?
If you were to dry a sequence diagram for withdrawing money from an ATM, you would first draw a human figure holding an ATM card. You would then draw the figure placing the ATM card in the machine. Next would be a drawing of the figure pushing buttons, then taking money, and finally removing the card.
What are the methods of withdrawing money from a current account?
You can withdraw money the following ways:By visiting the bank, filling up a withdrawal form and then handing it over to the tellerBy using your ATM Card in an ATM MachineBy using a check
What accounts are affected if you withdrew cash from the business for personal use?
If the withdrawer is not the owner of the business, it would be classed as a loan.If the owner of the business was withdrawing the money, it is classed as drawings.
How Transaction Processing System impact organizations and business firms?
Transaction processing systems help businesses charge customers. If a business doesn't have a proper system money can get missing from the organization.
What exactly is a checking account?
A checking account is a convenient, secure place where you can deposit, store, and spend your money. It is intended for the use of depositing and withdrawing funds through a check, a debit card or other various sources.
What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
Does withdrawing money from an ATM show the location of where you withdrew the money at?
Yes.
Many depositors withdrawing money at once?
bank run
What is simple batch system?
To speed up processing, jobs with similar needs were batched together and were run through the computer as a group. Thus, the programmers would leave their programs with the operator. The operator would sort programs into batches with similar requirements and, as the computer, became available, would run each batch. The output from each job would be sent back to the appropriate programmer
The process of removing material from the bank is called?
This process is called money withdrawing.
What is the meaning of withdrawal slip?
a document that must be filled before withdrawing money from the bank
What is institutional banking?
Institutional banking refers to the institution's depositing or withdrawing money in a bank.
Definition of a drawdown loan?
Loan draw down is withdrawing the money as in the disbursement of the loan.
Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?
Yes!
What does drop a class mean?
You will get a "W" on your transcript. It was also a waste of time and money.
Is there any way to avoid getting an early withdrawal penalty from a certificate of deposit?
If it has a call option that is excercised No, there is no way of avoiding penalties for withdrawing your money early from a Certificate of Deposit. Therefore, if you are uncertain whether you will be able to hold off on withdrawing early, it is best to put your money in a Money Market account.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
