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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 111 Discussion

________ account is maintained by businesses for their daily operations.
A) Current
B) Savings
C) Fixed Deposit
D) Recurring Deposit

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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Princess
4 months ago
C) Fixed Deposit is too long-term for daily use.
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Hana
5 months ago
I agree, A) Current is essential for businesses.
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Laquanda
5 months ago
A) Current is the best choice.
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Claribel
5 months ago
B) Savings seems wrong for daily ops.
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Lauran
5 months ago
Definitely A) Current! It's for daily transactions.
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Allene
5 months ago
I think it's A) Current.
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Loren
5 months ago
Surprised it's not C) Fixed Deposit, those seem safer!
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Tonette
6 months ago
Really? I always thought businesses used savings accounts more.
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Josphine
6 months ago
A) Current is the right choice, no doubt about it!
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Gerald
6 months ago
I thought it was B) Savings, isn't that for everyday too?
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Monroe
7 months ago
Definitely A) Current, it's for daily transactions.
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Annice
7 months ago
Current account is the way to go, folks. It's the bread and butter of business banking.
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Aileen
7 months 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
7 months ago
C) Fixed Deposit? Nah, that's not for daily business use.
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Alline
7 months ago
D) Recurring Deposit? Really? That's for individuals, not businesses.
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Dana
7 months ago
B) Savings account is not used for daily business operations. That's more for personal savings.
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Jolanda
8 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
8 months ago
I’m pretty confident it’s Current. Savings accounts seem more for personal use, right?
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Glory
8 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
8 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
8 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
8 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
9 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
9 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
10 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
10 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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Dick
4 months ago
Current accounts are essential for managing expenses.
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Viva
4 months ago
Exactly, savings accounts aren't for daily operations.
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Kallie
9 months ago
Current accounts are designed for that purpose.
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Nadine
9 months ago
I agree, A) Current account is definitely the right choice.
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Roy
9 months ago
Yeah, businesses need quick access to funds.
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