What is Basis Point? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

A basis point (bp) is one-hundredth of one percent (0.01%), commonly used to express changes in interest rates, bond yields, and fees. 100 basis points equals 1%. 📚 Learn more about Basis Point and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Basis Point definition: https://www.open-exam-prep.com/glossary/basis-point 💡 Exam Tip: 1 basis point = 0.01%. 100 bps = 1%. "Fed raised by 25 bps" = 0.25% increase. Know the conversions! --- #securities #examprep #financeexam #sie #series7 #series65 #series66