Which of the following is a key feature explaining the phenomenon of a bank run? It is impossible for a bank to be perfectly liquid banks guarantee the owners of demand deposits immediate cash on demand banks promise to satisfy withdrawal requests on a first come first served basis all of the above none of the above
Which of the following is a key feature explaining the phenomenon of a bank run? It is impossible for a bank to be perfectly liquid banks guarantee the owners of demand deposits immediate cash on demand banks promise to satisfy withdrawal requests on a first come first served basis all of the above none of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is a key feature explaining the phenomenon of a bank run?
It is impossible for a bank to be perfectly liquid
banks guarantee the owners of demand deposits immediate cash on demand
banks promise to satisfy withdrawal requests on a first come first served basis
all of the above
none of the above
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