If you have a checking account at First National Bank, the account is

Name: If you have a checking account at First National Bank, the account is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A checking account represents a liability to the bank because it owes you the amount of money held in the account. However, for you, the account is an asset because it represents money that you own and have access to. Therefore, choice D (an asset to you and a liability to First National) is the correct answer.

If You Have a Checking Account at First National Bank