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Fiscal Law Competency Area 1 Exam Questions With Correct Answers

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Fiscal Law Competency Area 1 Exam Questions With Correct Answers

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Fiscal Law Competency Area 1 Exam
Questions With Correct Answers

Federal appropriations law can be categorized into which three topical
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areas? - CORRECT ANSWER✔✔-Purpose, Time, and Amount
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In the Department of Defense, final decisions of Fiscal Law questions are
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|"officially" rendered by whom? - CORRECT ANSWER✔✔-DoD General
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Counsel


How many basic types of budget authority are used in the Federal
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Government? - CORRECT ANSWER✔✔-Appropriations
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Contract Authority |




Borrowing Authority |




Monetary Credits |




Offsetting Collections and Receipts
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Annual appropriations remain available for new obligations for how
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long? - CORRECT ANSWER✔✔-One fiscal year
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