The Part of the ABA Number Following the Dash on Top

question 9

Multiple Choice

The part of the ABA number following the dash on top in the fraction designates:

• A)cities in which Federal Reserve banks are located
• B)the number issued to each bank for identification purposes
• C)the Federal Reserve district in which the bank is located
• D)the amount of money in the bank account

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Definitions:

Par Value

A nominal value assigned to a share of stock as indicated in the corporate charter, not necessarily reflecting its market value.

Yield

The income return on an investment, such as the interest or dividends received, expressed annually as a percentage based on the investment's cost, its current market value, or its face value.

Quoted Price

The last price at which a security or commodity traded, often used as a reference to gauge market value.

Current Yield

The annual income (interest or dividends) divided by the current price of the security.