Final answer:True, The ATM works on the principle of real-time processing, necessitating instant response and accuracy for financial transactions.Explanation:ATM and Real-Time ProcessingThe ATM (Automated Teller Machine) indeed operates on the principle of real-time processing. This is because when you use an ATM to withdraw cash or perform other banking transactions, the system requires an instant response to process and record the transaction. The ATM must communicate with your bank's database immediately to check your balance, authorize the transaction, and update your account, ensuring that all records are up to date as soon as the transaction is completed. In contrast to processes that change slowly, where immediate updating is not critical, the nature of financial transactions necessitates accuracy and immediacy, characteristics that real-time processing offers. Therefore, the statement 'The ATM works on the principle of real-time processing' is A. True....

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