A _____ endorsement states,"PAY TO THE ORDER OF (name of bank where the check is to be deposited)."
A) restrictive
B) blank
C) formal
D) protective

Question

Quizplus · Accepted Answer

A restrictive endorsement specifies conditions regarding the use or payment of the check, such as "for deposit only" or specifying the account or person to which it can be deposited, making it a safer option for check endorsement.

A _____ Endorsement States,"PAY TO THE ORDER OF (Name of Bank