A Basis Point Is One-Tenth of One Percent

question 48

True/False

A basis point is one-tenth of one percent.

---

Definitions:

Make A Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Best Employees

Individuals who excel in their roles, contributing significantly to their organization through high performance, commitment, and positive impact on overall goals and culture.

Word Of Mouth

The process of consumers sharing information and opinions about products and services with others in their social networks, which significantly influences purchasing decisions.

Local Banker

A banker who operates within a specific regional area, often familiar with the local market and community-based financing needs.