Examlex
Which of the following statements is TRUE?
Monthly Bank Statements
Detailed financial statements provided by banks, summarizing account activity, balances, and other financial transactions for each month.
Endorsing
Endorsing involves signing the back of a check or other negotiable instruments to make it payable to someone other than the original payee or to authorize its use.
Guarantees Payment
An assurance, typically from a third party, that payment will be made for goods or services received.
Blank Endorsement
A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.
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