Business Studies, asked by mrinmoys532, 1 year ago

Definition of bps sector

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Answered by Anonymous
7
Basis point (BPS) refers to a common unit of measure for interest rates and other percentages in finance.
One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.

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