Technician a Says a Clock Spring Electrical Connector Contains a Conductive

question 40

Multiple Choice

Technician A says a clock spring electrical connector contains a conductive ribbon. Technician B says the clock spring electrical connector must be centered when it is mounted in the steering column. Who is correct?

• A) A only
• B) B only
• C) Both A and B
• D) Neither A nor B

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Definitions:

Underlying Asset

The underlying security that determines the value of a derivative, including equities, fixed income, raw materials, or foreign exchange.

Payoff

The return or outcome received from an investment or action.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuing company's shares at certain times during its life, usually at the discretion of the bondholder.

Conversion Value

The value of a convertible security if it is converted into the underlying stock.