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The Government Charge Card Abuse Prevention Act requires DoD to recover costs from GPC officials who have used the GPC for illegal improper or erroneous purchases.?
true
In the Purchase Card program what are the two types of fraud that may lead to an erroneous payment?
The two types of fraud that may lead to an erroneous payment in the Purchase Card program are split purchases (dividing a purchase into smaller parts to avoid approval thresholds) and phantom purchases (submitting fake receipts or invoices for payments).
Can credit card companies track and monitor your purchases?
Yes, credit card companies can track and monitor your purchases for security and fraud prevention purposes.
Can banks track and monitor your purchases to see what you buy?
Yes, banks can track and monitor your purchases to see what you buy. This is done for security and fraud prevention purposes, as well as for marketing and data analysis.
Since most purchases are under the micro purchase threshold the Government will normally pay state and local taxes on purchases made with the Government Purchase Card?
False
Since most purchases are under the micro purchase threshold the Government will normally pay state and local taxes on purchases made with the Government Purchase Card.?
False
Who is pecuniarily liable for GPC purchases they certify for payment that may later be determined illegal?
Certifying officials are pecuniarily liable for GPC purchases they certify for payment that may later be determined illegal.
What percentage of GDP is accounted for by total government purchases?
Today, total goverment purchases represent about 18% of GDP.
If the FOMC purchases government securities credit is stimulated?
Yes
What is a fiscal policy tool used to stimulate the economy Reducing inefficient employment of resources Lower interest rates Increased imports Increased government purchases?
increased government purchases.
What does invest mean in government?
Invest, in government, means to use the taxes paid by its citizens. These can be in forms of purchases of equipment for government use, or government securities.
When would an increase in government purchases be an appropriate countercyclical fiscal policy?
A decrease in government spending and increase in taxes.
