You have $5,700 at a local bank. You hear a rumor that the bank is going to fail. You rush over to the bank to withdraw your money and find many other bank customers who all want to withdraw their money from the bank. The scenario described here is a:
Group of answer choices

regular day at the bank.

bank run.

sale of government bonds.

result of the Federal Reserve being the lender of last resort.

Question

05-12-2022
Business

Answered

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You have $5,700 at a local bank. You hear a rumor that the bank is going to fail. You rush over to the bank to withdraw your money and find many other bank customers who all want to withdraw their money from the bank. The scenario described here is a:
Group of answer choices

regular day at the bank.

bank run.

sale of government bonds.

result of the Federal Reserve being the lender of last resort.

Sagot :

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