Study Question of the Month – October

This month’s study question from the Solomon Online Exam Simulator question database is now available. Relevant to the Series 6, 7, 62, 65, 66, and 82. –ANSWER POSTED– Continue reading

This month’s study question from the Solomon Online Exam Simulator question database is now available.

 Study Question

Question (Relevant to the Series 6Series 7Series 62Series 65, Series 66 and Series 82): 

The decimal equivalent of a basis point is:

Answers:

A. 0.01

B. 0.001

C. 0.0001

D. 0.00125

Correct Answer: C. 0.0001

Rationale: A basis point is one-hundredth of one percent, or .0001.

Weekly study questions are from Solomon’s industry-leading Online Exam Simulator.

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