A Basis Point Is One-Tenth of One Percent

question 48

True/False

A basis point is one-tenth of one percent.

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Definitions:

Tri-

A prefix meaning three, used in terms referring to three parts or threefold.

Epigastric

Pertaining to the abdominal region located above the stomach.

Bilateral

Involving or affecting both sides of the body or both of a pair of organs, such as both eyes, ears, or kidneys.

Bi-

A prefix meaning two or twice, indicating duality or a pair.