AAFM Exam GLO_CWM_LVL_1 Topic 3 Question 60 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 60
Topic #: 3

[All GLO_CWM_LVL_1 Questions]

Interest on savings bank accounts is paid on _______.

Alowest balance between 10th and 30th of the month

Blowest balance between 10th and the end of the month

Cdaily balance during the month

Dlowest balance between 1st and 10th of the month

Show Suggested Answer

Suggested Answer: B

by Lorrie at Mar 30, 2023, 07:47 AM

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Jettie

8 days ago

I think the correct answer is C. It makes sense that interest would be paid on the daily balance during the month, not just on the lowest balance during a specific period.

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Barrett

12 days ago

Hmm, I'm not sure. Maybe we should check the bank's policy to be sure.

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Gerardo

13 days ago

I believe it's actually the lowest balance between 1st and 10th of the month.

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Barrett

24 days ago

I think the interest is paid on the lowest balance between 10th and 30th of the month.

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