A Card Is Chosen from a Deck of 52 Cards $\frac { 2 } { 2,573 }$

question 148

Multiple Choice

A card is chosen from a deck of 52 cards and placed back in the deck, and a second card is chosen from the deck. What is the probability of drawing the king of diamonds and the queen of clubs?

• A) \(\frac { 2 } { 2,573 }\)
• B) \(\frac { 1 } { 39 }\)
• C) \(\frac { 1 } { 2,573 }\)
• D) \(\frac { 1 } { 2,734 }\)
• E) \(\frac { 1 } { 2,704 }\)

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Definitions:

Highly Inflationary Economy

An economy experiencing rapid and excessive inflation rates, often leading to adjustments in financial reporting and monetary policy.

Functional Currency

The form of monetary exchange prevalent in the primary economic zone where an organization engages and creates cash flow.

Exchange Rate

The rate at which one currency can be exchanged for another currency, affecting international trade and investments.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or loss.