Technician a Says That a Typical CVT Belt Can Cost

question 136

Multiple Choice

Technician A says that a typical CVT belt can cost up to $750. Technician B says that when disassembling a sheave, if the fluid is badly contaminated, the entire variator assembly should be rebuilt. Who is correct?

• A) Technician A
• B) Technician B
• C) Both technicians
• D) Neither technician

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Definitions:

Securitization

The process of pooling various types of contractual debt such as mortgages or loans and selling them as consolidated financial instruments to investors.

Transferred Receivables

The act of selling accounts receivable to another party, often for the purpose of immediate cash flow improvement.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation, a creditor relationship with a governmental body or a corporation, or rights to ownership as represented by an option.

Discounted With Recourse

A financing arrangement where the seller is liable to the buyer for any debts or obligations not fulfilled, with the key aspect being the discount given on future receivables.