What is an "Run on a Bank"?

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asked Aug 24, 2020 87.7k views

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Zihad Ul Islam · Answer 1 · 2020-08-30T09:40:44+0000

Answer: A bank run (also known as a run on the bank) occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function in the near future. Hopes this helps!

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What is an "Run on a Bank"?

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What is an "Run on a Bank"?