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Katarina [22]
2 years ago
12

Define bank run in your own words.​

Business
1 answer:
lina2011 [118]2 years ago
5 0

Answer:

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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