Teacher:In this task you will be given a passage and a yes/no question based on the passage. You should answer the question using the information from the passage.
Teacher: Now, understand the problem? Solve this instance: 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?
Student:
No