A basis point is ________.
A) 1.00%
B) 0.10%
C) 0.01%
D) none of the above

Name: A basis point is ________. A) 1.00% B) 0.10% C) 0.01% D) none of the above
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

A basis point is equivalent to 0.01%, therefore option C is the correct choice. Option A is incorrect because 1.00% is equal to 100 basis points, and option B is incorrect as it represents 10 basis points. Option D is incorrect as it doesn't provide a valid option.

A Basis Point Is ________