Question

question 7 10 pts
which statement is false about most atm (automated teller machine) cards?
○ you can generally obtain information concerning your account balance(s) at an atm machine.
○ you can generally get cash 24 hours a day, seven days a week.
○ you must have an account with a financial institution to have an atm card.
○ you can always get cash anywhere in the world with no fee.

question 8 10 pts
new coins and currency make their way into the general economy, consumers and businesses, through the distribution system of the:
○ secretary of the department of treasury
○ federal reserve system
○ treasurer of the united states
○ u.s. federal mint

Explanation:

For Question 7:

• ATMs allow balance checks, 24/7 cash access, and require an account for a card. However, using out-of-network or international ATMs often incurs fees, so the claim of free cash anywhere is false.

For Question 8:

• The U.S. Federal Reserve System operates the distribution network that circulates new coins and currency from the mint to the general economy, businesses, and consumers. The Treasury and Mint produce, but do not distribute, the currency.

Answer:

Question 7: You can always get cash anywhere in the world with no fee.
Question 8: Federal Reserve System