Question

What is a bank run?

Select the best answer from the choices provided.
O A when new banks open and give higher interest rates, encouraging customers to rush to the bank and open up savings
accounts
OB. when people, afraid their bank would close, would rush to take their money out of it, causing the bank to collapse
OC when several new banks open in the same region within a short period of time
OD. when multiple banks in the same region all close within a short period of time

Answer 1

OB

Step-by-step 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