Which 3 statements about an individually billed account IBA are true?

An Individually Billed Account (IBA) is a type of government travel card account where each cardholder is responsible for paying their own charges directly. Charges made on an IBA are billed to the individual cardholder, who must then settle the balance within a specified timeframe. This account type is often used for official travel expenses, allowing for better tracking and management of individual expenditures. Additionally, IBAs typically require cardholders to have a good credit rating, as they are liable for any outstanding charges.