Exam (elaborations)
Greenlight Exam 2 Questions and Answers
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Three basis points are equal to: A) 3% B) 3/10th of 1% C) 3/100th of 1% D) 3/1000th of 1% - Answer- C) 3/100th of 1% One basis point is equal to .01%, or 1/100th of 1%. Therefore, three basis points equals .03%, or 3/100th of 1%. What is the required annual income for a married couple t...
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