If "basis points" are defined so that 1 percent is equal to 100 basis points, then 44.5 percent is how many basis points greater than 34.5 percent?
A)0.1
B)10
C)100
D)1000

Question

Quizplus · Accepted Answer

1 percent is equal to 100 basis points. 44.5 percent = 4450 basis points and 34.5 percent = 3450 basis points. Hence the difference = 1000 basis points.
Key takeaway: Percent literally means "per 100" or "out of 100". 1 percent is equal to 100 basis points. This term is frequently used in banking to indicate changes in interest rates. 50 basis points means 1/ 2

If "Basis Points" Are Defined So That 1 Percent Is