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Which of the following is false regarding the For deposit only indorsement of checks? This eliminates the risk of someone fraudulently cashing a check. Businesses

Which of the following is false regarding the "For deposit only" indorsement of checks?

This eliminates the risk of someone fraudulently cashing a check.

Businesses often stamp this on the back of checks they receive as a risk management safeguard.

It is a type of blank indorsement.

It limits any further negotiation of a check.

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