Asked by Andres Cisneros on Apr 26, 2024
Verified
When depositing checks by mail,they should be endorsed by _____ endorsement only.
A) blank
B) restrictive
C) stamped
D) personal
Restrictive Endorsement
A limitation placed on the use of a check that specifies the conditions under which it can be deposited or cashed.
Endorsed
Officially supported, approved, or recommended by an authority or public figure.
By Mail
A method of sending or receiving items or correspondence through postal services.
- Understand the different endorsement types and their impact on the procedure of check processing.
Verified Answer
ES
Emily SnellApr 28, 2024
Final Answer :
B
Explanation :
Restrictive endorsements add a layer of security by specifying the conditions under which the check can be deposited, making it the safest option for mailing checks.
Learning Objectives
- Understand the different endorsement types and their impact on the procedure of check processing.