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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 :

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Suggested Answer: A

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

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Stephaine
16 days ago
I disagree, it should be A. Makes more sense!
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Jose
21 days ago
Definitely B! That's how it works.
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Bettina
26 days ago
Wait, is it really 15 years? That seems long!
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Corinne
1 month ago
I thought it was from the end of the financial year.
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Detra
1 month ago
This question is making my head spin. I need more coffee before I attempt this.
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Kristofer
1 month ago
Wait, is this a trick question? I'm going with option A just to be safe.
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Aliza
2 months ago
C. The 30 days of deposit the first installment, easy peasy!
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Angelica
2 months ago
Hmm, I'm not sure about this one. I'll have to think it through more carefully.
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Mitsue
2 months ago
D. The 12 months of deposit the first installment seems like the correct answer to me.
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Shizue
2 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
2 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
2 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
3 months ago
I think the answer is B. The date of deposit the first installment makes the most sense.
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Lonna
3 months ago
It's 15 years from the date of the first deposit!
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Nan
3 months ago
I think it's B. The date of deposit the first installment.
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Eleonora
3 months ago
I feel unsure. Maybe A? End of financial year?
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Donte
4 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
4 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
4 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
4 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
4 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
5 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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Nelida
3 months ago
I think it's option B. The date of the first deposit makes sense.
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