If You Have a Checking Account at a Local Bank

question 57

Multiple Choice

If you have a checking account at a local bank, your bank account there is a(n)

• A)asset to the bank and an asset to you.
• B)liability of the bank and a liability of yours.
• C)liability of the bank and an asset to you.
• D)asset to the bank and a liability of yours.

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Definitions:

Cyclohexanecarboxylic Acid

A carboxylic acid that features a cyclohexane ring attached to a carboxyl (-COOH) group.

Organic Product

A naturally occurring material or product derived from living organisms, often referring to compounds containing carbon.

Major Organic

Referring to the primary organic compound formed in the largest quantity in an organic reaction.

Organic Product

A compound primarily composed of carbon and hydrogen, which may also contain elements like oxygen, nitrogen, sulfur, and phosphorus, synthesized by a living organism or through chemical reactions involving organic precursors.