All the Employees of ABC Company Are Assigned ID Numbers

question 88

Short Answer

All the employees of ABC Company are assigned ID numbers. The ID number consists of the first letter of an employee's last name, followed by four numbers.
a.How many possible different ID numbers are there?
b.How many possible different ID numbers are there for employees whose last name starts with an A?

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Definitions:

Money Market Mutual Fund Account

A money market mutual fund account is an investment vehicle that pools money from individuals to invest in low-risk, short-term securities, like treasury bills and commercial paper, typically offering a relatively safe place to park cash.

FDIC-insured Deposits

Deposits held in banks and financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC) against bank failure up to a certain limit.

Liquid and Riskless

Refers to assets that can be easily converted to cash without significant loss of value and carry minimal risk of loss.

Board of Governors

The leading body of a central bank or other regulatory institution, responsible for overseeing the management and operations.