One-hundredth of a percentage point is called a(n)_____ point.
A)stock
B)basic
C)basis
D)federal interest

Name: One-hundredth of a percentage point is called a(n)_____ point. A)stock B)basic C)basis D)federal interest
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

A basis point is a unit used in finance to represent one-hundredth of a percentage point. It is commonly used to describe changes in interest rates, bond yields, and other financial metrics. The other answer choices are not related to this concept.

One-Hundredth of a Percentage Point Is Called A(n)_____ Point