Economics · Financial Metrics
How is a single basis point (1 bps) mathematically expressed relative to interest rates or bond yields?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1One-hundredth of 1 percent (0.01%)✓
- 2One-tenth of 1 percent (0.1%)
- 3One-thousandth of 1 percent (0.001%)
- 4One full percentage point (1.0%)
Correct answer
One-hundredth of 1 percent (0.01%)
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