Multiple choice

Basic point is a unit equal to ____ percent.

  1. 1/100

  2. 3/100

  3. 6/100

  4. none of these
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A Correct answer
Explanation

A basic point (or basis point) in financial terms equals 1/100 of 1 percent, or 0.01%. It's commonly used to measure changes in interest rates, bond yields, and other financial percentages.

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