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.

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Definitions:

Sample Point

An individual element or possible outcome in a sample space, representing a possible result of an experiment or trial.

Population

A complete set of items or individuals with at least one common characteristic, used in statistics for analysis and inference.

Multiplication Law

A probability law used to compute the probability of the intersection of two events. It is P(A ∩ B) = P(B)P(A ∣ B) or P(A ∩ B) = P(A)P(B ∣ A). For independent events it reduces to P(A ∩ B) = P(A)P(B).

Mutually Exclusive

Events that cannot occur at the same time; the occurrence of one event excludes the possibility of the other event(s).