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About the stock markets (= point to define)?
What news do they mean when they say the bag has been reduced by 700 'points', I know it's like a very bad thing for the economy, but what does the term "point" actually means (in terms of market of values). I tried to do some searching with the term, and all I got points (1 / 100)% or something similar to the fees?, Which is, does a mathematical formula, what does? If you have a website I would appreciate it very much. Thank you.
An index is measured by a number instead of a currency value. One digit is a period. Actually moves in 100ths of a point, but nobody will say that the market fell 700.01 points. points used to define the movement, usually of percentages. As you say, one basis point is one hundredth of a percent. It is used for interest rates and commissions as a difference, but seems to be used by the spread of gambling fraternity now
