GFEBS Reimbursable Exam
Questions and Answers 100%
PASS
9.the fee that the us treasury adds to debt it collects is based on which of the following—
ANSWER--*age of debt
3.how often is the interest calculation program sheduled to run—ANSWER--each day
8.in accordance with intallment plan guidelines unless an exception os granted, installment
plans may not exceed what length of time—ANSWER--36
11.the process whereby federal agencies refer delinquent debts to the us treaury for
collection is called—ANSWER--*cross servicing
4.which of the following is the term for minis collected to recover the us tresury borrowing
cots—ANSWER--*interest
17.which report is used to inform federal decision makers of the gross book value of the
receivables owed to federal agencies—ANSWER--*tresury report
1.the is responsilb efor the posting of doubtful recievables to a separate account in the
general ledger—ANSWER--debt allowance
, 20.is a status that identifies a recevable as written off and indicates that collection activities
cannot continue—ANSWER--closed out
10. penalties are assessed on the portion of a debt remaining deliquent for more than
days—ANSWER--*90
14.the is required by the us treasury to be used as the interest reate—ANSWER--vv
18.for delinquent dbet which of the following is the oldest debt category—ANSWER--8
*10
13.non delinquent debts are categorized as assets—ANSWER--current and non-current
5.a debt is classified as currently not collectable when the net value of the debt is equal to—
ANSWER--less than 25
6.in the contex of gfebs debt managment cnc stands for—ANSWER--collection of negotiated
15.which of the following types of debt are exempt from interest fee penalties—ANSWER--
*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—ANSWER---*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—ANSWER--fines
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
9.the fee that the us treasury adds to debt it collects is based on which of the following—
ANSWER--*age of debt
3.how often is the interest calculation program sheduled to run—ANSWER--each day
8.in accordance with intallment plan guidelines unless an exception os granted, installment
plans may not exceed what length of time—ANSWER--36
11.the process whereby federal agencies refer delinquent debts to the us treaury for
collection is called—ANSWER--*cross servicing
4.which of the following is the term for minis collected to recover the us tresury borrowing
cots—ANSWER--*interest
17.which report is used to inform federal decision makers of the gross book value of the
receivables owed to federal agencies—ANSWER--*tresury report
1.the is responsilb efor the posting of doubtful recievables to a separate account in the
general ledger—ANSWER--debt allowance
, 20.is a status that identifies a recevable as written off and indicates that collection activities
cannot continue—ANSWER--closed out
10. penalties are assessed on the portion of a debt remaining deliquent for more than
days—ANSWER--*90
14.the is required by the us treasury to be used as the interest reate—ANSWER--vv
18.for delinquent dbet which of the following is the oldest debt category—ANSWER--8
*10
13.non delinquent debts are categorized as assets—ANSWER--current and non-current
5.a debt is classified as currently not collectable when the net value of the debt is equal to—
ANSWER--less than 25
6.in the contex of gfebs debt managment cnc stands for—ANSWER--collection of negotiated
15.which of the following types of debt are exempt from interest fee penalties—ANSWER--
*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—ANSWER---*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—ANSWER--fines
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
