Bank panics have often begun as a result of:

Question

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Bank panics have often begun as a result of a combination of rumors and real economic events. Rumors can spread quickly and cause depositors to rush to withdraw their money from banks, even if the economic conditions are stable. At the same time, real economic events, such as the failure of a major business or bank, can also cause panic and lead to a run on banks. Therefore, both rumors and real economic events can contribute to the start of bank panics.

Bank Panics Have Often Begun as a Result Of