AAFM Exam GLO_CWM_LVL_1 Topic 7 Question 70 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 70
Topic #: 7

A Post Office Recurring Deposit account can be prematurely closed after _______ years and ________ interest would be payable on prematurely closed account.

A4 Years, Post Office Time Deposit

B3 Years, Post Office Savings Account

C1 Year, Post Office Recurring Deposit

D1 Year, Post Office Savings Account

Show Suggested Answer

Suggested Answer: A

by Melodie at Dec 12, 2023, 03:44 AM

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Cheryl

5 days ago

This question is making my head spin. I'm going to go with option C and hope for the best. At least I won't have to worry about premature closures of my non-existent Post Office Recurring Deposit account.

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Wei

7 days ago

A Post Office Recurring Deposit account, huh? Sounds like something my grandparents would have. I'm going to go with my gut and choose option C.

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Bettyann

10 days ago

Hmm, this question seems a bit tricky. I'm going to go with option C, but I'll double-check the details just to be sure.

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Major

13 days ago

I'm not sure, but I think C) 1 Year, Post Office Recurring Deposit could also be a possibility.

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Clay

16 days ago

I agree with Adelina, because Post Office Time Deposit usually has longer lock-in periods.

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Colby

16 days ago

I'm pretty sure it's 1 year for a Post Office Recurring Deposit account, but I'm not sure about the interest part. Hopefully, the right answer will become clear once I read the other responses.

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Adelina

20 days ago

I think the answer is A) 4 Years, Post Office Time Deposit.

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