SIE  Securities Industry Essentials Exam
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The FED just cut rates by 1/2 of 1 percent. How many basis points was the rate cut?
50
A
5
B
0.5
C
0.125
D
Explanations
each hundredth of a percentage point is a basis point. So, a .5 percent rate cut is a 50 basis point cut.
Pricing
Basic
Part of the questions for each course

 Course
 Questions

 Series 6
 30 of 500

 Series 7
 50 of 625

 SIE
 20 of 150