Quiz on GSA SmartPay Purchase Account
(Account Holders/AOs) | QUESTIONS AND
ANSWERS | 2026 UPDATE |GRADED A+||
PASS!!
An account holder had recently made a purchase using their GSA
SmartPay purchase account. It was not an approved government
purchase and the account holder was not able to return the purchased
item to the merchant for a refund or credit. Who is responsible for
paying for the purchased item? - ANSWERS-The Government who then
seeks repayment from the account holder.
Fraud is an attempt to cheat the Federal Government and corrupt its
agents by using GSA SmartPay payment solutions for transactions not
part of official government business. - ANSWERS-True
________discounts is the term used to describe automatic discounts
that merchants apply at the time of a sale when you use your GSA
SmartPay purchase account to make a purchase. - ANSWERS-Point of
Sale
When making a card present transaction, you are responsible for
double checking all of the following except: - ANSWERS-You provided
your social security number to the merchant so they can verify that
you are a Government employee.
, A purchase account holder recently discovered that the purchase
account was billed multiple times for the same purchase. Prior to
disputing, what should the account holder do? - ANSWERS-Contact the
merchant and try to resolve the issue.
Which of the following are NOT required for purchase account
records? - ANSWERS-Name of the merchant's bank
As a purchase account holder, my responsibilities are to: - ANSWERS-F.
All of the above
A. Use my account only for approved purchases within my spending
limits.
B. Obtain tax exemption for all purchases on the GSA SmartPay
Purchase Account.
C. Immediately notify the contractor bank and my A/OPC, if my
account is lost or stolen.
D. Complete GSA SmartPay Purchase Account Holder training at a
minimum of every three years per requirements outlined in Appendix B
of OMB Circular A-123, Section 4.4. Individual agencies may require
training more frequently. Know and comply with agency training policy.
E. Report disputed charges within 90 calendar days from the
transaction date.
When making a purchase, an account holder was recently informed by
the merchant that the purchase account has been suspended. Who
(Account Holders/AOs) | QUESTIONS AND
ANSWERS | 2026 UPDATE |GRADED A+||
PASS!!
An account holder had recently made a purchase using their GSA
SmartPay purchase account. It was not an approved government
purchase and the account holder was not able to return the purchased
item to the merchant for a refund or credit. Who is responsible for
paying for the purchased item? - ANSWERS-The Government who then
seeks repayment from the account holder.
Fraud is an attempt to cheat the Federal Government and corrupt its
agents by using GSA SmartPay payment solutions for transactions not
part of official government business. - ANSWERS-True
________discounts is the term used to describe automatic discounts
that merchants apply at the time of a sale when you use your GSA
SmartPay purchase account to make a purchase. - ANSWERS-Point of
Sale
When making a card present transaction, you are responsible for
double checking all of the following except: - ANSWERS-You provided
your social security number to the merchant so they can verify that
you are a Government employee.
, A purchase account holder recently discovered that the purchase
account was billed multiple times for the same purchase. Prior to
disputing, what should the account holder do? - ANSWERS-Contact the
merchant and try to resolve the issue.
Which of the following are NOT required for purchase account
records? - ANSWERS-Name of the merchant's bank
As a purchase account holder, my responsibilities are to: - ANSWERS-F.
All of the above
A. Use my account only for approved purchases within my spending
limits.
B. Obtain tax exemption for all purchases on the GSA SmartPay
Purchase Account.
C. Immediately notify the contractor bank and my A/OPC, if my
account is lost or stolen.
D. Complete GSA SmartPay Purchase Account Holder training at a
minimum of every three years per requirements outlined in Appendix B
of OMB Circular A-123, Section 4.4. Individual agencies may require
training more frequently. Know and comply with agency training policy.
E. Report disputed charges within 90 calendar days from the
transaction date.
When making a purchase, an account holder was recently informed by
the merchant that the purchase account has been suspended. Who
