52.5k views
2 votes
Describe a "bank run” or a “run on the bank.

User Alex Gill
by
7.8k points

1 Answer

3 votes
A “bank run” or whats also known as “run on the bank” occurs when many clients withdraw their money from a bank, they do this because they believe the bank may cease in function in the future.
User Edza
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.