An Endorsement to Which Words Have Been Added That Limit

question 39

Multiple Choice

An endorsement to which words have been added that limit the further endorsement of the instrument, such as "for deposit only," is a:

• A) blank endorsement.
• B) special endorsement.
• C) restrictive endorsement.
• D) qualified endorsement.

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Definitions:

Improvement

The process of making something better or more effective through changes, upgrades, or enhancements.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.

Shift

In economics, a change in the position of a demand or supply curve on a graph, indicating a change in the quantity demanded or supplied at every price.

Economic Growth

An increase in the production of goods and services over a specific period, often measured as the rate of increase in gross domestic product (GDP).