One Basis Point Is Equal To

question 5

Multiple Choice

One basis point is equal to:

• A) .01%.
• B) .10%.
• C) 1.0%.
• D) 10%.
• E) 100%.

---

Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting standards developed by the International Accounting Standards Board.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event.

Contingency

An uncertain event or condition that can have a positive or negative impact on a company's financial position if it occurs.