A "basis point" is a term often used in describing interest rates and 100 basis points is the equivalent to a __________ percent change in the interest rate.
A) 0.01
B) 0.1
C) 1.0
D) 10
E) 100

Name: A "basis point" is a term often used in describing interest rates and 100 basis points is the equivalent to a __________ percent change in the interest rate. A) 0.01 B) 0.1 C) 1.0 D) 10 E) 100
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Question

Quizplus · Accepted Answer

A basis point is equal to 0.01%, so 100 basis points is equivalent to a 1.0% change in the interest rate.

A "Basis Point" Is a Term Often Used in Describing