hundredth of a percent. In such units, it is customary to measure the difference in interest rates. For example, if the interest rate increased from 10.4% to 10.8%, then it changed by 40 basis points.
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hundredth of a percent. In such units, it is customary to measure the difference in interest rates. For example, if the interest rate increased from 10.4% to 10.8%, then it changed by 40 basis points.
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