Question

1C. When you review your monthly checking account statement, which

statement below would indicate that you deposited more money than you

spent?

Your previous balance is higher than your ending balance

Your fees are greater than your starting balance

O Your withdrawals are larger than your fees

Your ending balance is higher than your previous balance

Answer 1

Your ending balance is higher than your previous balance

Explanation:

An account statement is prepared periodically or on request by banks for the consumption of their customers.

This is a record of income and withdrawals on that account.

If at the end of a given period of time, the ending balance of the period is greater than the previous balance, then the account holder has deposited more money than he/she spent. Hence the answer.