When many depositors go to a bank at the same time to withdraw their money, there is said to be

Question

Quizplus · Accepted Answer

When many depositors go to a bank at the same time to withdraw their money, it creates a panic among other depositors who also try to withdraw their money. This leads to a rapid depletion of the bank's reserves, which causes the bank to become insolvent and unable to meet the demands of its depositors. This phenomenon is called a bank run.

When Many Depositors Go to a Bank at the Same