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:

Quota

A fixed share or allocation of something, often applied to trade limitations, immigration controls, or production targets.

Dahomey

A historical kingdom in West Africa, known for its powerful military, wealth through trade, and role in the transatlantic slave trade.

Asante

The Asante (or Ashanti) are an ethnic group native to the Ashanti Region of modern-day Ghana, known for their rich cultural heritage, historical kingdom, and influential role in the region's history, especially during the Atlantic slave trade.

Slave Trade

The forced movement and sale of enslaved Africans within the international trading system, characterized by immense human suffering, cultural disruption, and economic exploitation.