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03-12-2019
Business

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In a fractional reserve banking systemLOADING..., what is the difference between a "bank run" and a "bank panic?" A. A bank run is a local issue; a bank panic is a national issue. B. A bank run involves one bank; a bank panic involves many banks. C. A bank run involves many banks; a bank panic involves one bank. D. A bank run is a U.S. issue; a bank panic is an international issue.

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austineemodi austineemodi

03-12-2019

Answer: option b is correct

Explanation:

Bank run happen when a large group of customers withdraw all their money from a banking institution within a short period.

Bank panic happen when a group of customers withdraw all their money from multiple banking institution within a short period.

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