Reading:
Math Definitions - Letter B
Chapters
Definition of Basis Point
Definition of Basis Point
A basis point is \(\dfrac{1}{100}\) of a percentage point.
- \(1 \text{ Basis Point} = 0.01 \text{ Percentage Points}\)
- \(100 \text{ Basis Points} = 1 \text{ Percentage Point}\)
When you hear the Reserve Bank say that they are lowering interest rates by \(25\) basis points, it means that they are lowering interest rates by \(0.25\%\).
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Prerequisites
None
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter B
Author: Subject Coach
Added on: 4th Dec 2017
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