What basic functions can an Automated Teller Machine (ATM) perform?

Automated Teller Machines (ATMs) are designed to offer a variety of banking services conveniently to customers. The correct choice highlights the comprehensive functionality of modern ATMs. They allow users to perform essential banking transactions such as dispensing cash, accepting deposits, and enabling funds transfers between accounts.

Dispensing cash is one of the primary functions of an ATM, enabling users to withdraw cash without the need to go inside a bank branch. In addition to cash withdrawals, ATMs have evolved to allow users to deposit cash or checks directly, offering a seamless way to manage finances outside of banking hours. Transfers between accounts, whether within the same bank or to another financial institution, further enhance the ATM's utility, allowing for greater flexibility and control over one's banking activities.

Overall, the inclusion of these functions—dispensing cash, accepting deposits, and enabling transfers—illustrates the role of ATMs as multifaceted banking tools that cater to the diverse needs of users in an efficient manner.