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A checking account is a liability to a commercial bank. an asset to a commercial bank. a liability to the household or firm that has the account. an asset for the Federal Reserve System.

User ManuQiao
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Answer: liability to a commercial bank

Step-by-step explanation:

A checking account is referred to as a form of bank account where the account owner can deposit and withdraw at ease.

It should be noted that a checking account is considered to be a liability to a commercial bank because the money can be withdrawn at any time by the owner of the account.

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