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AAFM GLO_CWM_LVL_1 Exam - Topic 9 Question 4 Discussion

A Post Office Recurring Deposit account can be prematurely closed after________years andinterest would be payable on prematurely closed account.
B) 3 Years, Post Office Savings Account
A) 4 Years, Post Office Time Deposit
C) 1 Year, Post Office Recurring Deposit
D) 1 Year, Post Office Savings Account

AAFM GLO_CWM_LVL_1 Exam - Topic 9 Question 4 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 4
Topic #: 9
[All GLO_CWM_LVL_1 Questions]

A Post Office Recurring Deposit account can be prematurely closed after________years and

interest would be payable on prematurely closed account.

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Suggested Answer: B

by Lavonda at May 04, 2022, 06:38 PM

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Luisa
8 months ago
I agree, 1 year seems right for the Recurring Deposit!
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Fausto
8 months ago
Wait, are you sure about that? Sounds too short!
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Cecil
8 months ago
Definitely 1 year for the Recurring Deposit!
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Peter
8 months ago
I thought it was 4 years for the Recurring Deposit?
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Domingo
9 months ago
It's 3 years for the Post Office Savings Account!
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Venita
9 months ago
]
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Lorrie
9 months ago
"This looks similar to a previous question, and I recall the answer was 1 year for recurring deposits, so option C seems most likely."
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Viva
9 months ago
"I vaguely remember something about 3 or 4 years for time deposits, but recurring deposits might be different.",
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Chandra
9 months ago
"Didn't we practice a question where the recurring deposit could be closed after 1 year with interest payable? That might be option C.",
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Francoise
9 months ago
"I think the premature closure period for a Post Office Recurring Deposit is around 1 year, but I'm not completely sure if interest is paid at that time.",
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Hermila
10 months ago
[
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Hermila
10 months ago
Okay, let's see. I know Express Writes is related to improving write performance, so that could be a good option. But I'm not sure if it specifically targets database transaction logs.
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Delisa
10 months ago
Hmm, this looks like a detail-oriented banking regulation question. I'll carefully read each option's years and account type.
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