1. Condition for Invertibility: A $2 \times 2$ matrix $A$ is invertible if and only if its determinant is non-zero. For $A = \begin{bmatrix} a & b \\ c & d \end{bmatrix}$, this means $\det(A) = ad-bc \neq 0$.
2. Condition for Full Rank: A $2 \times 2$ matrix is full rank if its rank is 2. This means its two columns (or rows) must be linearly independent.
3. Equivalence: Let the columns be $\mathbf{v}_1 = \begin{bmatrix} a \\ c \end{bmatrix}$ and $\mathbf{v}_2 = \begin{bmatrix} b \\ d \end{bmatrix}$. The columns are linearly independent if one is not a scalar multiple of the other. They are dependent if $\mathbf{v}_2 = k\mathbf{v}_1$ for some scalar $k$, which means $b=ka$ and $d=kc$.
If $a \neq 0$, then $k=b/a$, so $d=(b/a)c \implies ad=bc$.
If $a=0$, then for dependence, $b$ must also be 0. In this case, $ad=0$ and $bc=0$, so $ad=bc$ still holds.
The columns are linearly independent if and only if $ad \neq bc$.
The condition for invertibility ($ad-bc \neq 0$) is identical to the condition for the columns being linearly independent ($ad \neq bc$), which is the condition for being full rank. Thus, a $2 \times 2$ matrix is invertible if and only if it is of full rank.