Solve the Problem. - What Are the Odds in Favor of Drawing an of Drawing

question 55

Multiple Choice

Solve the problem.
- What are the odds in favor of drawing an even number from these cards?

• A)2:5
• B)3:2
• C)2:3
• D)5:2

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Definitions:

Initial Credit Purchase

The first acquisition of goods or services that allows payment to be delayed.

Sight Draft

A financial document that demands immediate payment upon presentation to the drawee, often used in international trade.

Time Draft

A written order to pay a specified amount of money at a certain time in the future, often used in international trade.

Banker's Acceptance

A short-term financial instrument issued by a company that is guaranteed by a commercial bank. It is commonly used in international trade.