If a Single Card Is Drawn from an Ordinary Deck $\frac { 9 } { 26 }$

question 115

Multiple Choice

If a single card is drawn from an ordinary deck of cards, what is the probability of drawing a jack, queen, king, or ace?

• A) \(\frac { 9 } { 26 }\)
• B) \(\frac { 17 } { 52 }\)
• C) \(\frac { 5 } { 13 }\)
• D) \(\frac { 4 } { 13 }\)

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Definitions:

Specialists

Professionals on a stock exchange who are responsible for maintaining a fair and orderly market in their specific assigned securities.

Margin Account

An account offered by brokerages that allows investors to borrow money to buy securities, with the securities themselves serving as collateral for the loan.

Margin Loan

A loan provided by brokers to investors that allows them to buy securities by borrowing funds, using the purchased securities as collateral.

Maintenance Requirements

The minimum equity amount that must be maintained in a margin account.