Refer to the Economics in Practice on p. 513: The Economics in Practice feature discusses three examples of many people who have claims on a bank presenting those claims at the same time. This describes a situation known as

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The Economics in Practice feature describes a scenario where many people with claims on a bank present those claims simultaneously, causing a rush to withdraw funds and potentially leading to the bank's insolvency. This describes a situation known as a bank run.

Refer to the Economics in Practice on P