GSA SmartPay Purchase Account (Account Holders) UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
GSA SmartPay Purchase Account
Institution
GSA SmartPay Purchase Account
GSA SmartPay Purchase Account (Account
Holders) UPDATED ACTUAL Exam
Questions and CORRECT Answers
If your agency permits, convenience checks may be used instead of a traditional purchase
account when: - CORRECT ANSWER- It is a payment method of last resort, only when
no reasonable alternat...
GSA SmartPay Purchase Account (Account
Holders) UPDATED ACTUAL Exam
Questions and CORRECT Answers
If your agency permits, convenience checks may be used instead of a traditional purchase
account when: - CORRECT ANSWER- ✔✔It is a payment method of last resort, only when
no reasonable alternative merchant is available who accepts the GSA SmartPay purchase
account.
Which of the following are NOT required for purchase account records? - CORRECT
ANSWER- ✔✔Name of the merchant's bank.
It is your responsibility to dispute questionable charges. If you don't, you (the account holder)
will be held personally liable for the amount of the questionable charge. - CORRECT
ANSWER- ✔✔True
A purchase account can be used for which of the following purposes? - CORRECT
ANSWER- ✔✔Purchase of office supplies under the micro-purchase threshold.
When making a purchase, an account holder was recently informed by the merchant that the
purchase account has been suspended, who should the account holder contact to address this
matter? - CORRECT ANSWER- ✔✔The Agency/Organization Program Coordinator
(A/OPC
All of the following are responsibilities of a purchase account holder EXCEPT: - CORRECT
ANSWER- ✔✔Paying the bank invoice on approved purchases
________discounts is the term used to describe automatic discounts that merchants apply at
the time of a sale when you use your purchase account to make a purchase. - CORRECT
ANSWER- ✔✔Point of Sale
Account holders should be receiving a tax exemption for all purchases made using their GSA
SmartPay Purchase Cards (CBA). - CORRECT ANSWER- ✔✔True
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