ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank Crisis
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Black Tuesday
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Stock Market Crash
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New Deal
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Detailed explanation-1: -Non-Sufficient Funds (NSF): What It Means & How to Avoid Fees. Trade. Search Search. Please fill out this field.
Detailed explanation-2: -A bank run occurs when large groups of depositors withdraw their money from banks simultaneously based on fears that the institution will become insolvent. With more people withdrawing money, banks will use up their cash reserves and ultimately end up defaulting.
Detailed explanation-3: -A bank run occurs when many customers withdraw all their money simultaneously from their deposit accounts with a banking institution for fear that the institution is, or might become, insolvent.
Detailed explanation-4: -When a bank fails, the Federal Deposit Insurance Corporation (FDIC) will arrange the sale of the bank customer’s assets to a healthy bank, or, less commonly, the FDIC will pay the bank deposits back directly. Between 2001 and 2022, 561 banks failed, according to the FDIC.