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What is it called when, within a short period of time, masses of people withdraw all their money from their accounts in fear that the banks will collapse?
When, within a short period of time, masses of people withdraw all their money from their accounts in fear that the banks will collapse, it is called a bank run.
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Asked 2/27/2015 3:19:35 PM
Updated 2/28/2015 10:15:24 AM
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When, within a short period of time, masses of people withdraw all their money from their accounts in fear that the banks will collapse, it is called a bank run.
Added 2/28/2015 10:15:24 AM
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