What Is the Probability of Drawing Either an Ace or a King

question 7

Multiple Choice

What is the probability of drawing either an ace or a king from a poker deck (no jokers) on a single draw?

• A) 1/52
• B) 1/26
• C) 1/13
• D) 2/13
• E) 1/4

---

Definitions:

Bank Mergers

A process where two or more banks consolidate their assets and operations to form a single, larger entity.

Lending Standards

Criteria set by financial institutions to determine the creditworthiness of borrowers.

Government Securities

Financial instruments issued by a government to finance its projects and operations, typically considered low-risk investments.

Supply of Money

The total amount of money available in an economy at a particular time, encompassing cash, coins, and balances held in checking and savings accounts.