If a particular bank regularly announces changes in its interest rate schedules before its competitors, who then set rates very close to those announced by that bank, this could be described as

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Price leadership occurs when one company, often the largest or most influential in an industry, sets prices that other companies in the market follow. In this scenario, the bank that announces its interest rates first and is then followed by its competitors is acting as a price leader.

If a Particular Bank Regularly Announces Changes in Its Interest