If a Particular Bank Regularly Announces Changes in Its Interest

question 133

Multiple Choice

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

• A) markup pricing.
• B) predatory pricing.
• C) price leadership.
• D) explicit price collusion.

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Definitions:

Asian-Americans

Americans of Asian descent, a diverse group including individuals with origins in East Asia, Southeast Asia, or South Asia.

Dawes Severalty Act

A 1887 law aimed at assimilating Native Americans into American society by dividing tribal land into individual plots for ownership.

Reservation Policy

A policy pertaining to the designation of specific lands for indigenous peoples, often characterized by forced relocations and aimed at assimilating indigenous populations into mainstream society.

Cattle Ranching

The business of raising and managing cattle for meat, milk, and other products, typically conducted on large expanses of land.