Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'routing transit number'?

A. identifier issued to a depository institution by the FDIC on approval of that institution's application for insurance
B. national identification number associated with a passport
C. unique nine digit identifier, used primarily in the United States, to identify a banking or other financial institution for clearing funds, and, as it appears on a check, denotes the banking institution that holds the account from which funds are to be drawn
D. unique identifier assigned by the Federal Reserve to financial institutions for regulatory and oversight purposes

Answer: unique nine digit identifier, used primarily in the United States, to identify a banking or other financial institution for clearing funds, and, as it appears on a check, denotes the banking institution that holds the account from which funds are to be drawn