kimbgonzalez13 kimbgonzalez13
  • 26-02-2021
  • Computers and Technology
contestada

Describe what a Bank Run is.

Respuesta :

damien56785
damien56785 damien56785
  • 26-02-2021

Answer:

Explanation:

A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.

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