Question

Select the best answer.

What was the problem that created bank runs?

A.) Banks charged depositors interest if they did not withdraw money at regular intervals.
B.) Banks did not have enough cash on hand for all its depositors, so people rushed to withdraw their money.
C.) The government stopped accepting paper currency.
D.) People needed more money when the stock market fell.

Answer 1

Answer: B.) Banks did not have enough cash on hand for all its depositors, so people rushed to withdraw their money.

just took this lesson ^ that is the correct answer

Step-by-step explanation:

During a bank run in 1857, people who got to the banks first were able to withdraw their money, while those who arrived later were not so fortunate.

Answer 2

A.) Banks charged depositors interest if they did not withdraw money at regular intervals