Get selected value of a dropdown's item using jQuery

Question

How can I get the selected value of a dropdown box using jQuery?
I tried using

var value = $(\'#dropDownId\').val();

and

Answer 1

	function fundrp(){
	var text_value = $("#drpboxid option:selected").text();  
	console.log(text_value);
	var val_text = $("#drpboxid option:selected").val();  
	console.log(val_text);
	var value_text = $("#drpboxid option:selected").attr("vlaue") ;
	console.log(value_text);
	var get_att_value = $("#drpboxid option:selected").attr("id") 
	console.log(get_att_value);
}

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