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ololo11 [35]
3 years ago
14

What are the three types of check endorsements used to deposit checks into a bank account? A. Blank endorsement, in-person endor

sement, and mobile endorsement B. Company endorsement, full endorsement, and individual endorsement C. Blank endorsement, full endorsement, and restrictive endorsement D. Business endorsement, personal endorsement, and restrictive endorsement
Business
1 answer:
Elenna [48]3 years ago
7 0

Answer:

Blank endorsement, Restrictive endorsement, and Special endorsement

Explanation:

<u>Blank Endorsement</u> - This is the most common type used. it's endorsed by the payee and presented to the bank for cash or deposit.

<u>Restrictive Endorsement</u> - This is done by writing "For deposit only" in the endorsement area instead of the payee signing his name. This type of endorsement is only to be deposited to the payee's account at his financial institution.

<u>Special Endorsement</u> - This is used when the payee wishes to sign a check over to another person. This is done by the payee signing his name, then writing "Pay to the order this person". This new payee then signs his name in the endorsement area and crahses or deposits the check.

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Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is paya
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Answer:

Interest = $5,834.67

Explanation:

In November 1, the note bears 12 month = 7%

From November 1 to December 31 = 2 month

Hence for 2 month Interest = 2 * 7/12(%) = 1.1667%

Thus, interest = $500,100 * 1.1667%

Interest = 5834.6667

Interest = $5,834.67 approximately.

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3 years ago
Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
jeyben [28]

Answer:

Raise taxes

Explanation:

This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

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1 year ago
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3 years ago
A great business idea is A. the beginning of a great business. B. all you need to succeed. C. something that comes along once in
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What happens to the interest rate after six months for credit card #1? 2. Which credit cards have an annual fee? 3. Is the grace
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