From an Ordinary Deck of 52 Playing Cards,a Two-Card Hand

question 46

Multiple Choice

From an ordinary deck of 52 playing cards,a two-card hand is dealt.In how many ways can the two cards be of the same face value?

• A) 2
• B) 6
• C) 78
• D) 104
• E) 1326

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Definitions:

Clearinghouse Procedure

A process handled by a clearinghouse, which acts as an intermediary between buyers and sellers in financial markets, ensuring the smooth execution of transactions.

Drawer Liability

Drawer liability pertains to the legal responsibility of the person who writes or signs a check or draft to ensure the availability of sufficient funds in the account for the amount specified for payment.

Wrongfully Dishonored

Refers to a situation where a financial institution unjustifiably refuses to pay or accept a negotiable instrument when properly presented.

Proper Presentment

The formal presentation of a document in a way that follows legal requirements or norms.