captjack 🏴‍☠️✨💜 on Nostr: BPS A basis point is one hundredth of 1 percentage point. Changes of interest rates ...

BPS
A basis point is one hundredth of 1 percentage point. Changes of interest rates are often stated in basis points. For example, if an existing interest rate of 10 percent is increased by 1 basis point, the new interest rate would be 10.01 percent.

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