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question 2 of 10 \for deposit only\ is what type of endorsement on a ch…

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:

Brief Explanations

A restrictive endorsement limits how a check can be used, and "For deposit only" restricts the check to only being deposited into an account, rather than cashed or transferred freely. A full endorsement transfers the check to a specific party, a blank endorsement has no payee specified, so neither matches.

Answer:

C. Restrictive endorsement