​A Check Stub Shows a Balance Brought Forward of $1,620

question 22

Short Answer

​A check stub shows a balance brought forward of $1,620.34, a deposit of $825.45, and a check amount of $369.22. Calculate the balance carried forward.

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Definitions:

Insurance

A financial product sold by insurance companies to protect individuals and businesses against potential future losses in return for a premium.

Low Risk

Low risk describes investments or decisions that have a minimal chance of losing value or causing harm.

Insurance With Deductibles

A type of insurance policy where the policyholder is required to pay a specified amount of loss before the insurance coverage begins paying out.

Low-Risk Individuals

People who are considered to have a lower probability of experiencing adverse events or making claims, often used in the context of insurance underwriting and premium setting.