Task: Question Answering
Input (English): passage: A basis point (often denoted as bp, often pronounced as ``bip'' or ``beep'') is (a difference of) one hundredth of a percent or equivalently one ten thousandth. The related concept of a permyriad is literally one part per ten thousand. Figures are commonly quoted in basis points in finance, especially in fixed income markets.
 question: is a pip the same as a basis point?
Output (English): No