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:

New Venture

Refers to a new business enterprise or startup that is typically characterized by high risk and potential for growth.

Replacement

Refers to the process of substituting an old asset with a new one to maintain or improve operational efficiency.

Payback Period

A capital budgeting technique that rates projects according to the speed with which they return invested money.

Cumulative Profits

The total amount of profit a company has earned over a specific period, adding together all net profits and losses to date.