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AAFM GLO_CWM_LVL_1 Exam - Topic 2 Question 110 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 110
Topic #: 2

[All GLO_CWM_LVL_1 Questions]

In PPF the term/duration of the account is 15 years from :

AThe end of financial year in which the account is opened.

BThe date of deposit the first installment

CThe 30 days of deposit the first installment

DThe 12 months of deposit the first installment

Show Suggested Answer

Suggested Answer: A

by Audria at Nov 01, 2025, 05:36 PM

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Andra

6 months ago

A seems logical too, but B is clearer for me.

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Raul

6 months ago

I agree with B. It makes sense to start from the first deposit.

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Stephaine

7 months ago

I disagree, it should be A. Makes more sense!

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Jose

7 months ago

Definitely B! That's how it works.

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Bettina

7 months ago

Wait, is it really 15 years? That seems long!

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Corinne

7 months ago

I thought it was from the end of the financial year.

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Detra

7 months ago

This question is making my head spin. I need more coffee before I attempt this.

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Kristofer

7 months ago

Wait, is this a trick question? I'm going with option A just to be safe.

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Aliza

8 months ago

C. The 30 days of deposit the first installment, easy peasy!

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Angelica

8 months ago

Hmm, I'm not sure about this one. I'll have to think it through more carefully.

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Mitsue

8 months ago

D. The 12 months of deposit the first installment seems like the correct answer to me.

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Shizue

8 months ago

I feel like I read that the term is 15 years from the first installment, so I’m leaning towards option B too.

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Benton

8 months ago

I’m a bit lost on this one. I thought it might be from the end of the financial year, but that seems off now.

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Kattie

8 months ago

I remember practicing a similar question, and I believe it's definitely option B, as it makes the most sense to start counting from when you actually invest.

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Laurel

9 months ago

I think the answer is B. The date of deposit the first installment makes the most sense.

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Lonna

9 months ago

It's 15 years from the date of the first deposit!

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Nan

9 months ago

I think it's B. The date of deposit the first installment.

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Eleonora

9 months ago

I feel unsure. Maybe A? End of financial year?

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Donte

10 months ago

I think the duration starts from the date of the first deposit, but I'm not entirely sure if it's option B or C.

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Alex

10 months ago

This is a good one. I think the answer is C - 30 days after the first deposit. That makes the most sense to me based on how PPF accounts typically work. Gonna go with that.

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Lilli

10 months ago

Alright, let me break this down. The 15-year term is from the first deposit, but is it the end of the financial year, the actual date, or something else? Gotta think this through.

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Margot

10 months ago

I'm a little confused on this one. Is it asking about the PPF account term or something else? I'll need to re-read the question carefully.

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Willie

10 months ago

Okay, I've got this. The key is understanding when the 15-year term starts - it's gotta be related to the first deposit, but which one?

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Annice

11 months ago

Hmm, this seems like a tricky one. I'll need to carefully read through the options and think about the implications of each.

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Jacob

5 months ago

I agree with B. The first installment is key to the duration.

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Gianna

5 months ago

D is also unlikely. 12 months feels too quick for a 15-year term.

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Tricia

5 months ago

C seems too short. 30 days isn’t enough time.

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Micheal

6 months ago

I’m leaning towards A. It’s about the financial year, right?

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Nelida

9 months ago

I think it's option B. The date of the first deposit makes sense.

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