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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 111 Discussion

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

________ account is maintained by businesses for their daily operations.

Suggested Answer: A

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31 comments · newest first
PR
Princess 6 months ago
C) Fixed Deposit is too long-term for daily use.
HA
Hana 6 months ago
I agree, A) Current is essential for businesses.
LA
Laquanda 6 months ago
A) Current is the best choice.
CL
Claribel 6 months ago
B) Savings seems wrong for daily ops.
LA
Lauran 7 months ago
Definitely A) Current! It's for daily transactions.
AL
Allene 7 months ago
I think it's A) Current.
LO
Loren 7 months ago
Surprised it's not C) Fixed Deposit, those seem safer!
TO
Tonette 7 months ago
Really? I always thought businesses used savings accounts more.
JO
Josphine 7 months ago
A) Current is the right choice, no doubt about it!
GE
Gerald 7 months ago
I thought it was B) Savings, isn't that for everyday too?
MO
Monroe 8 months ago
Definitely A) Current, it's for daily transactions.
AN
Annice 8 months ago
Current account is the way to go, folks. It's the bread and butter of business banking.
AI
Aileen 8 months ago
Who even uses a Recurring Deposit for their business? That's like using a piggy bank to pay your suppliers.
FR
Frederick 9 months ago
C) Fixed Deposit? Nah, that's not for daily business use.
AL
Alline 9 months ago
D) Recurring Deposit? Really? That's for individuals, not businesses.
DA
Dana 9 months ago
B) Savings account is not used for daily business operations. That's more for personal savings.
JO
Jolanda 9 months ago
A) Current account is the correct answer. Businesses need a current account for their daily transactions and cash flow management.
BL
Blair 9 months ago
I’m pretty confident it’s Current. Savings accounts seem more for personal use, right?
GL
Glory 9 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.
FE
Fernanda 10 months ago
I remember practicing a question like this, and I think Current accounts are definitely the right choice for businesses.
RO
Rosita 10 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.
PH
Phil 10 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.
CO
Corinne 10 months ago
I think it might be the Current account since it’s used for daily transactions, but I’m not completely sure.
GL
Gladys 11 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.
SO
Soledad 11 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.
RO
Royce 11 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.
DI
Dick 6 months ago
↳ replying to Royce
Current accounts are essential for managing expenses.
VI
Viva 6 months ago
↳ replying to Royce
Exactly, savings accounts aren't for daily operations.
KA
Kallie 10 months ago
↳ replying to Royce
Current accounts are designed for that purpose.
NA
Nadine 10 months ago
↳ replying to Royce
I agree, A) Current account is definitely the right choice.
RO
Roy 11 months ago
↳ replying to Royce
Yeah, businesses need quick access to funds.
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