If at the Settlement Date the Settlement Rate Equals the Contract

question 23

True/False

If at the settlement date the settlement rate equals the contract rate, neither the FRA buyer not the seller benefits.

---

Definitions:

Electric Shifter Assembly

An electronically controlled mechanism that allows drivers to change gears in a vehicle, typically providing smoother gear transitions.

Ball Screw Block

A component of a ball screw system that moves linearly along the screw, converting rotary motion into precise linear motion.

Shift Finger Transversely

Refers to the movement or positioning of a shift finger (a component in gear selection mechanisms) across a lateral axis to engage different gears.

Inertia Brake

On an automated standard transmission, this solenoid actuated brake helps stop the countershafts on initial engagements when the clutch is either out of adjustment or defective.