Write the Word or Phrase That Best Completes Each Statement

question 39

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-You are dealt two cards successively without replacement from a standard deck of 52 playing cards. Find the probability that the first card is a two and the second card is a ten. Round your answer to three decimal places.

• A)0.006
• B)0.994
• C)0.250
• D)0.500

---

Definitions:

Claim

A demand for something as due, often referring to a right to payment or other benefits.

Interest Rate Collar

A financial derivative strategy used to hedge interest rate movements by setting upper and lower limits on interest payments.

Variable Rate Loan

A loan where the interest rate can change over time, based on an underlying benchmark or index.

Floor Rates

The minimum interest rate agreed upon in a financial contract, below which the rate cannot fall.