FISCAL LAW TEST BANK 2026
COMPREHENSIVE QUESTIONS AND
ACCURATE SOLUTIONS VERIFIED
◉ Anti deficiency Act Principles state that you can receive services
without paying for them as benefit to the government. Answer: False
◉ ________________ has the ability to appropriate funds to be spent by
the federal government. Answer: Congress
◉ Under the "Separation of Powers" doctrine established by the
Constitution, the _____________ carries out the laws with the money
Congress provides. Answer:
◉ The ____________ Act prohibits against over obligated or
overspending an appropriation. Answer: Antideficiency
◉ Fiscal Law is derived from: Answer: All of the above
◉ The three main elements that must be met before funds are obligated
are: Answer: Purpose, Time, and Amount
◉ The Anti deficiency Act includes _________________ penalties for
violation. Answer: Both A and B (Civil and Criminal)
COMPREHENSIVE QUESTIONS AND
ACCURATE SOLUTIONS VERIFIED
◉ Anti deficiency Act Principles state that you can receive services
without paying for them as benefit to the government. Answer: False
◉ ________________ has the ability to appropriate funds to be spent by
the federal government. Answer: Congress
◉ Under the "Separation of Powers" doctrine established by the
Constitution, the _____________ carries out the laws with the money
Congress provides. Answer:
◉ The ____________ Act prohibits against over obligated or
overspending an appropriation. Answer: Antideficiency
◉ Fiscal Law is derived from: Answer: All of the above
◉ The three main elements that must be met before funds are obligated
are: Answer: Purpose, Time, and Amount
◉ The Anti deficiency Act includes _________________ penalties for
violation. Answer: Both A and B (Civil and Criminal)
