Final answer:
A bank routing number is specific to the bank, while the account number is specific to the customer.
Step-by-step explanation:
A bank routing number is a unique identifier assigned to a particular bank, whereas the account number is a unique identifier assigned to an individual customer.
A bank routing number is used to identify the financial institution responsible for processing a transaction, such as a direct deposit or a wire transfer. It helps ensure that the funds are sent to the correct bank.
On the other hand, an account number is used to identify a specific account within that bank. It allows the bank to allocate funds to the correct customer's account.
Therefore, the statement 'A bank routing number is specific to that bank, whereas the account number is specific to the individual customer' is true.