Examlex
Which of the following is a true statement regarding data flows?
Routing Number
A nine-digit code used in the United States to identify a financial institution in a transaction.
ABA Number
A fraction appearing in the upper-right corner of all printed checks that identifies the geographic area and specific bank on which the check is drawn.
Pay to the Order
A financial instruction found on a check, directing the bank to pay a specified amount to the individual or entity named.
Certified Check
A type of check for which the issuing bank guarantees the availability of funds by verifying the drawer's signature and setting aside the check amount from the drawer's account.
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