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

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This could be described as price leadership, where one bank sets the standard for interest rates and other competitors follow suit. Markup pricing refers to the practice of adding a percentage to a product's cost to determine its selling price. Predatory pricing involves intentionally setting low prices to drive competitors out of business. Explicit price collusion is when competitors come together to agree on prices, which is illegal. None of these options accurately describe the situation presented in the question.

If a Particular Bank Regularly Announces Changes in Its Interest