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There are 100bps in 1 percentage point. So its 100bps in 1 percent and 100 percent in one whole unit. Bps are used in situations where v small changes are being made - i.e. particularly in interest rates. So when the FED says its changing interest rates by 25bps it means 0.25% or like a change from 3% to 3.25%.

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Q: How many bps in a percent?
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