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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 111 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 111
Topic #: 8
[All GLO_CWM_LVL_1 Questions]

________ account is maintained by businesses for their daily operations.

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Suggested Answer: A

by Thersa at Nov 24, 2025, 01:28 AM

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Monroe
16 days ago
Definitely A) Current, it's for daily transactions.
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Annice
21 days ago
Current account is the way to go, folks. It's the bread and butter of business banking.
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Aileen
26 days ago
Who even uses a Recurring Deposit for their business? That's like using a piggy bank to pay your suppliers.
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Frederick
1 month ago
C) Fixed Deposit? Nah, that's not for daily business use.
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Alline
1 month ago
D) Recurring Deposit? Really? That's for individuals, not businesses.
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Dana
1 month ago
B) Savings account is not used for daily business operations. That's more for personal savings.
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Jolanda
2 months ago
A) Current account is the correct answer. Businesses need a current account for their daily transactions and cash flow management.
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Blair
2 months ago
I’m pretty confident it’s Current. Savings accounts seem more for personal use, right?
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Glory
2 months ago
I’m torn between Current and Savings accounts. I feel like both could be used, but I think Current is more common for daily operations.
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Fernanda
2 months ago
I remember practicing a question like this, and I think Current accounts are definitely the right choice for businesses.
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Rosita
2 months ago
I feel pretty confident about this one. Businesses typically use a current account to handle their day-to-day financial needs and transactions. The other account types are more for saving or investing, not daily operations. I'll select A) Current account.
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Phil
2 months ago
Okay, let me think this through. A current account makes the most sense since businesses need easy access to funds for their day-to-day activities. The other options like savings or fixed/recurring deposits are more for longer-term savings or investment. I'll go with A) Current account.
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Corinne
3 months ago
I think it might be the Current account since it’s used for daily transactions, but I’m not completely sure.
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Gladys
3 months ago
I'm a bit confused on this one. I know businesses have different account types, but I'm not sure which one is used for daily operations. I'll have to carefully consider the options before making a choice.
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Soledad
4 months ago
Hmm, I'm not totally sure about this one. I know businesses have different types of accounts, but I'm not confident which one they'd use specifically for daily operations. I might have to think this through a bit more.
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Royce
4 months ago
I think this is a pretty straightforward question. I'd go with A) Current account - that's the one businesses typically use for their daily operations.
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Kallie
3 months ago
Current accounts are designed for that purpose.
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Nadine
3 months ago
I agree, A) Current account is definitely the right choice.
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Roy
3 months ago
Yeah, businesses need quick access to funds.
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