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What is it called when many people withdraw their money from the bank at one time?
Wiki User
∙ 10y ago
Known as a "Run on the bank".
Wiki User
∙ 9y ago
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What occurs when many people withdraw their money from a bank at one time?
crash
What is it called to take money out of the bank?
In most banks, this is called a withdraw.
What does it mean to have a 'run'on the bank?
Usually it means that people lack confidence in the back and withdraw their money - which means that more people lose confidence in the bank and withdraw their money and so on.
What happens during a bank run-?
customers attempt to withdraw more money than the bank has on hand
What is the Bank employee who help customers deposit or withdraw money?
The person at the window of the bank is called the bank teller.
What occurs when many people withdraw their money from a bank at one time?
crash
What is it called to take money out of the bank?
In most banks, this is called a withdraw.
What does it mean to have a 'run'on the bank?
Usually it means that people lack confidence in the back and withdraw their money - which means that more people lose confidence in the bank and withdraw their money and so on.
What happens during a bank run-?
customers attempt to withdraw more money than the bank has on hand
What is the Bank employee who help customers deposit or withdraw money?
The person at the window of the bank is called the bank teller.
What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
What would happen if everyone withdrew their money from the banks?
If everybody withdraw their money from bank there will be a lot of rubbery and scarce i employmen because bank wont be able to hire people BUT IT IS NOT POSSIBLE FOR EVERYBODY TO WITHDRAW THEIR MONEY
What is it called to take money out of your bank account?
It can be called a withdrawal or a deposit.
Occurs when many people withdraw their money from a bank at one time?
crash
People who have money in the bank are called?
they are called depositors because they deposit their money in the bank. they are also called bank clients.
How much more money can you withdraw beyond your bank limit?
That will depend on your bank. They may not allow you to withdraw anything beyond your limit.
Is it possible to withdraw money from passbooks in any metro bank branches?
is it possible to withdraw money from passbook in any metrobank branch
