GFEBS Reimbursable Exam Questions
and Answers 100% Pass | Graded A+
fee that the us treasury adds to debt it collects is based on which of
the following - *age of debt
often is the interest calculation program sheduled to run - each
day
accordance with intallment plan guidelines unless an ...
9.the fee that the us treasury adds to debt it collects is based on which of
the following - ✔✔*age of debt
3.how often is the interest calculation program sheduled to run - ✔✔each
day
8.in accordance with intallment plan guidelines unless an exception os
granted, installment plans may not exceed what length of time - ✔✔36
11.the process whereby federal agencies refer delinquent debts to the us
treaury for collection is called - ✔✔*cross servicing
4.which of the following is the term for minis collected to recover the us
tresury borrowing cots - ✔✔*interest
17.which report is used to inform federal decision makers of the gross book
value of the receivables owed to federal agencies - ✔✔*tresury report
1.the is responsilb efor the posting of doubtful recievables to a separate
account in the general ledger - ✔✔debt allowance
, 20.is a status that identifies a recevable as written off and indicates that
collection activities cannot continue - ✔✔closed out
10. penalties are assessed on the portion of a debt remaining deliquent for
more than days - ✔✔*90
14.the is required by the us treasury to be used as the interest reate -
✔✔vv
18.for delinquent dbet which of the following is the oldest debt category -
✔✔8
*10
13.non delinquent debts are categorized as assets - ✔✔current and non-
current
5.a debt is classified as currently not collectable when the net value of the
debt is equal to - ✔✔less than 25
6.in the contex of gfebs debt managment cnc stands for - ✔✔collection of
negotiated
15.which of the following types of debt are exempt from interest fee
penalties - ✔✔*contractor debt
federal agency
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