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Technician A says in 1996 the EPA mandated the use of OBD testing as a replacement for tailpipe and dynamometer testing of emissions. Technician B says in 2001 the EPA ruled that OBD testing be performed in lieu of testing tailpipe emissions on vehicles produced beginning in 1996. Who is correct?
Amortized
The process of spreading out loan payments over time in equal installments, covering both principal and interest.
Trading Debt Securities
Refers to the buying and selling of debt securities, such as bonds, in the financial market for short-term profit.
Long-term Assets
Assets that are expected to provide economic benefits to a company for a period longer than one year, such as real estate or equipment.
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