9
QuizMultiple Choice

Checking Accounts

Question 9 • POP Financial Math 26/27

What is a “balance brought forward?”

Answer
A
The amount of money you transfer from another checking account
B
The amount of money you will owe in the future
C
The amount of money you have from the previous statement period
D
The amount of money you used to open your account

Explanation

A balance brought forward is the balance carried over from the previous statement period. It is the amount of money you had remaining at the end of that period, not money transferred from another account or used to open the account. Therefore, the correct choice is “The amount of money you have from the previous statement period.”

AI-written and checked against the verified answer.

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