A "Basis Point" Is a Term Often Used in Describing

question 42

Multiple Choice

A "basis point" is a term often used in describing interest rates and 100 basis points is the equivalent to a __________ percent change in the interest rate.

• A) 0.01
• B) 0.1
• C) 1.0
• D) 10
• E) 100

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Definitions:

Invalid

Not legally or officially acceptable; void and without legal effect.

Illegal

Activities or actions that are forbidden by law and subject to governmental sanctions or penalties.

Probate

The process of settling an estate.

Distributing Bank Assets

The process by which a bank allocates or transfers its assets, often in the context of liquidation or estate planning.