GFEBS REIMBURSABLE. EXAM 2025
QUESTIONS AND ANSWERS
9.the fee that the us treasury adds to debt it collects is based on which of the following -
ANS *age of debt
3.how often is the interest calculation program sheduled to run - ANS each day
8.in accordance with intallment plan guidelines unless an exception os granted, installment
plans may not exceed what length of time - ANS 36
11.the process whereby federal agencies refer delinquent debts to the us treaury for collection
is called - ANS *cross servicing
4.which of the following is the term for minis collected to recover the us tresury borrowing cots
- ANS *interest
17.which report is used to inform federal decision makers of the gross book value of the
receivables owed to federal agencies - ANS *tresury report
1.the is responsilb efor the posting of doubtful recievables to a separate account in the general
ledger - ANS debt allowance
20.is a status that identifies a recevable as written off and indicates that collection activities
cannot continue - ANS closed out
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, 10. penalties are assessed on the portion of a debt remaining deliquent for more than days -
ANS *90
14.the is required by the us treasury to be used as the interest reate - ANS vv
18.for delinquent dbet which of the following is the oldest debt category - ANS 8
*10
13.non delinquent debts are categorized as assets - ANS current and non-current
5.a debt is classified as currently not collectable when the net value of the debt is equal to -
ANS less than 25
6.in the contex of gfebs debt managment cnc stands for - ANS collection of negotiated
15.which of the following types of debt are exempt from interest fee penalties -
ANS *contractor debt
federal agency
16.a summary of the collection received by the us treasury for debts referrred by gfebs is
processed by which system - ANS -*fpps
ipac
19.which of the fllowing are assessed to cover the added coasts incurred in handling a debt
beyon the date on which payment was due - ANS fines
*fees
2 Copyright ©2025 SIRJOEL ALL RIGHTS RESERVED
QUESTIONS AND ANSWERS
9.the fee that the us treasury adds to debt it collects is based on which of the following -
ANS *age of debt
3.how often is the interest calculation program sheduled to run - ANS each day
8.in accordance with intallment plan guidelines unless an exception os granted, installment
plans may not exceed what length of time - ANS 36
11.the process whereby federal agencies refer delinquent debts to the us treaury for collection
is called - ANS *cross servicing
4.which of the following is the term for minis collected to recover the us tresury borrowing cots
- ANS *interest
17.which report is used to inform federal decision makers of the gross book value of the
receivables owed to federal agencies - ANS *tresury report
1.the is responsilb efor the posting of doubtful recievables to a separate account in the general
ledger - ANS debt allowance
20.is a status that identifies a recevable as written off and indicates that collection activities
cannot continue - ANS closed out
1 Copyright ©2025 SIRJOEL ALL RIGHTS RESERVED
, 10. penalties are assessed on the portion of a debt remaining deliquent for more than days -
ANS *90
14.the is required by the us treasury to be used as the interest reate - ANS vv
18.for delinquent dbet which of the following is the oldest debt category - ANS 8
*10
13.non delinquent debts are categorized as assets - ANS current and non-current
5.a debt is classified as currently not collectable when the net value of the debt is equal to -
ANS less than 25
6.in the contex of gfebs debt managment cnc stands for - ANS collection of negotiated
15.which of the following types of debt are exempt from interest fee penalties -
ANS *contractor debt
federal agency
16.a summary of the collection received by the us treasury for debts referrred by gfebs is
processed by which system - ANS -*fpps
ipac
19.which of the fllowing are assessed to cover the added coasts incurred in handling a debt
beyon the date on which payment was due - ANS fines
*fees
2 Copyright ©2025 SIRJOEL ALL RIGHTS RESERVED
