AAFM Exam GLO_CWM_LVL_1 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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3 days 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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9 days 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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14 days 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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