Asked by Chris Palumbo on Apr 29, 2024
Verified
Stamp it with the deposit endorsement
A) best practice (good policy)
B) not a best practice (not a good policy)
Deposit Endorsement
A signature or statement on the back of a check specifying the terms under which the check can be deposited or cashed.
- Pinpoint optimal strategies for validating checks to safeguard against fraudulent activities.
- Understand the importance of check endorsements and the correct methods for managing received checks.
Verified Answer
DD
Dianne DollesinMay 04, 2024
Final Answer :
A
Explanation :
Stamping a check with the deposit endorsement is a best practice as it helps to ensure that the check is properly processed and reduces the risk of fraud.
Learning Objectives
- Pinpoint optimal strategies for validating checks to safeguard against fraudulent activities.
- Understand the importance of check endorsements and the correct methods for managing received checks.