A bank run refers to the widespread and simultaneous efforts of depositors to withdraw their bank deposits. The need for a deposit causes a liquidity shortage for the bank and, in the worst case scenario, could break the bank, which could even result in the loss of unused deposits. Deposits may be linked to a broader banking crisis.
To prevent the escaping of deposits, bank deposits are often partly or even fully guaranteed by the government or by a separate fund controlled by the authorities. Banks are also subject to solvency requirements, which should curb the potential for panic among depositors. The reasons for the deposit failure vary, but generally there is evidence of an increase in the deposit's risk concentration.
The government of Canada, which is comprised of these provinces that share power with the central government, is referred to as a federal confederation.
Britain, who was at the war with France again, would seize American ships and force Americans sailors to join the British Navy (impressment). The U.S. declared war on Britain in 1812 because Britain refused to stop seizing American ships that traded with France.
In order not to slow down the economic recovery associated with the war effort, President Roosevelt and Congress decided to finance the war effort almost <span>entirely by war bond drives without increasing income taxes. The statement that is being presented is TRUE.</span>
