A Blank Endorsement on a Check

question 76

Multiple Choice

A blank endorsement on a check:

• A) can be further endorsed by someone else.
• B) cannot be further endorsed by someone else.
• C) is the safest type of endorsement.
• D) permits only the original endorser to get the money.

---

Definitions:

Yield

The income returned on an investment, such as the interest or dividends received, typically expressed as a percentage of the investment’s cost or current market value.

Modified Duration

Modified Duration measures the sensitivity of the price of a bond or other debt instrument to a change in interest rates, indicating the percentage change in price for a parallel shift in rates.

Modified Duration

A measure of the sensitivity of a bond's or bond portfolio's price to changes in interest rates, adjusting for the changing yield to maturity.

Market Yield

The current yield of a bond or other fixed-income security, calculated by dividing the annual interest income by the current market price.