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For What Purpose Would a Payee Use an Endorsement as Shown

Question 44

Multiple Choice

For what purpose would a payee use an endorsement as shown in the following example: For deposit only P.J. Berry's 6639-88-83-9


A) when depositing a check into his or her account
B) when paying a check
C) when transferring the check to another party
D) when cashing a check

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