Writing the words "For Deposit Only" along with your checking account number on the back of a check is called a:
A) qualified endorsement
B) restricted endorsement
C) pure endorsement
D) simple endorsement
Correct Answer:
Verified
Q17: The fee a bank charges for maintaining
Q18: According to the Board of Governors
Q19: In the reconciliation process, a note collected
Q20: The checkbook should be credited when a
Q21: Service charges represent fees that banks pay
Q23: "Outstanding deposits" are those deposits that appear
Q24: A debit memorandum discovered during the reconciliation
Q25: When writing the verbal amount on a
Q26: In a bank reconciliation, outstanding checks are:
A)
Q27: The one who writes the check and
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