Cryptocurrency Q&A
What is 100bps interest rate?
What is 100bps interest rate?
CharmedSun
Sun Nov 10 2024
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5 answers
1679
I'm trying to understand what a 100bps interest rate means. Could someone explain this to me in simple terms? I want to know how it affects loans, investments, or any other financial transactions.
5 answers
DigitalDynasty
Tue Nov 12 2024
A single basis point is equivalent to 0.01%, which is one hundredth of a percent.
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SolitudeSeeker
Tue Nov 12 2024
Basis points are a crucial measure used to evaluate the percentage change in the value or rate of financial instruments.
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Filippo
Tue Nov 12 2024
They are alternatively known as bps or bips, providing a shorthand way to express small changes in financial values.
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CryptoWizard
Mon Nov 11 2024
In decimal form, one basis point is represented as 0.0001.
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Federico
Mon Nov 11 2024
Aggregating these small increments, one hundred basis points collectively equate to 1%.
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