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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Hildred

2 months ago

Wait, are we talking about a Post Office Recurring Deposit account or a Post Office Time Deposit? I'm starting to feel like I need to take a course in Postal Banking 101 just to keep up with these options.

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Luz

12 days ago

Yes, you're right. It's A) 4 Years, Post Office Time Deposit

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Nguyet

21 days ago

I think it's A) 4 Years, Post Office Time Deposit

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Rene

28 days ago

A) 4 Years, Post Office Time Deposit

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Cheryl

2 months 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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Sherell

21 days ago

I believe it could be D) 1 Year, Post Office Savings Account.

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Carmelina

22 days ago

I agree with option C) 1 Year, Post Office Recurring Deposit.

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Dottie

23 days ago

I'm not sure, but I think it might be B) 3 Years, Post Office Savings Account.

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Karl

29 days ago

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

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Wei

2 months 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

2 months 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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Rodrigo

1 months ago

I'm pretty sure it's option A. I remember reading about it before.

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Ettie

1 months ago

I think it's option C too. Let me know if you find out more.

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Josephine

1 months ago

I'm pretty sure it's option C as well. Let's confirm.

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Josefa

2 months ago

I think it's option C too. Let me know if you find out more.

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Major

2 months 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

2 months ago

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

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Colby

2 months 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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