Question

question 2 of 10
\for deposit only\ is what type of endorsement on a check?

a. full endorsement
b. blank endorsement
c. restrictive endorsement
d. none of the above

Explanation:

A restrictive endorsement limits how a check can be used, such as only allowing it to be deposited instead of cashed or transferred to another party. "For deposit only" fits this definition, as it restricts the check's use to deposit. A full endorsement transfers the check to a specific party, while a blank endorsement makes the check payable to anyone.

Answer:

C. Restrictive endorsement