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customers attempt to withdraw more money than the bank has on hand
What else can I help you with?
What happens during a bank panic?
depositors rush to the bank to withdraw all deposits
During the depression many state governors declared bank holidays to?
Prevent bank runs.
What happens during a bank reconcilliation process?
khnlknn oyoh yhu iujoiu
What happens during a foreclosure?
After a default by the borrower the bank takes possession of the property and sells it.
What happens during a bank run-?
customers attempt to withdraw more money than the bank has on hand
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
What happens when a baseball player runs out of baseball bats during a game?
He borrows one from a fellow teammate.
Is it illegal for individuals to participate in bank runs?
Yes, participating in bank runs is not illegal, but it can have negative consequences for the bank and the overall financial system.
How does the Federal Reserve help during bank runs?
The Federal Reserve provides deposit insurance and acts as a lender to commercial banks.
What happens if you do not pay your bank loan?
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How was the Federal Deposit Insurance Corporation meant to prevent another depression?
By preventing bank runs
Who runs the bank of England?
There is an administration of the bank and it does not depend on the government of England
