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Basis points (view source)

Revision as of 23:30, August 25, 2020

240 bytes added ,  23:30, August 25, 2020
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A '''basis point''' in finance is 1/100th of 1%.

Thus 100 basis points is equivalent to 1%.

The terminology of basis points is used frequently in discussing changes in interest rates or small changes in profitability.
[[category:finance]]
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