A Basis Point Is 1/10 of 1

question 8

True/False

A basis point is 1/10 of 1%.

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Definitions:

Metal-rich Fluids

Liquids emanating from the Earth's crust, usually heated by magma, that are high in dissolved metals, often found in volcanic and hydrothermal areas.

Magma

A molten rock material beneath the earth's surface, which can solidify to form igneous rocks.

Deep Canyon

A profound and narrow valley with steep sides, carved by a river, glacier, or geological processes over time.

Permeable Rocks

Rocks that allow water to pass through them due to their porous nature.