A(n) ________ Is an Indorsement That Has No Instructions or Conditions

question 18

Multiple Choice

A(n) ________ is an indorsement that has no instructions or conditions attached to the payment of the funds.

• A) indorsement in trust
• B) indorsement for deposit
• C) nonrestrictive indorsement
• D) restrictive indorsement

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Definitions:

Sample Mode

The value that appears most frequently in a data sample, representing the most common outcome.

Interquartile Range

A measure of variability, calculated by subtracting the first quartile from the third quartile, representing the middle 50% of the data.

Box Plot

A graphical representation of data that shows the median, quartiles, and outliers, providing a visual summary of the distribution.

Median

The middle value in a data set when the values are arranged in ascending or descending order.