3 years ago

Bank Runs---what are they? How did they affect America?

1 answer:

Tpy6a [65]3 years ago

6 0

Answer:

Explanation:

A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future.

With more people withdrawing money, banks will use up their cash reserves and ultimately end up defaulting.

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