When a variable is created within a Python function, the scope of the variable starts from its creation and exists until Select one: O a. The entire program ends. O b. The function places the variable in the trash. O c. The function is no longer going to be called again. O d. The function returns.

Could you help me create a python code for this question? Thanks.

Code is in Python

Write a program that calculates the balance of a checking account at the end of a three- month period. It should ask the user for the starting balance. Then a loop (for loop is recommended) should iterate once for every month in the period, performing the followi 1. Ask the user for the total amount deposited into the account during that month. Do n accept negative number. This deposit should be added to the current balance to make current balance is up to date. 2. Ask the user for the total amount withdrawn from the account during that month. Do accept negative amount or amount greater than the current balance. The withdrawal amount should be subtracted from current balance, so current balance is up to date. 3. Update the total deposit. 4. Update the total withdrawal After the last iteration, the program should display the following information: 1. starting balance at the beginning of the three-month 2. total deposits/withdrawals made during the three-month period 3. final balance…