Runs on Banks Occur When

question 60

Multiple Choice

Runs on banks occur when

• A) banks make an unusually high number of profitable loans.
• B) depositors are confident that the bank will not go bankrupt.
• C) many depositors attempt to withdraw their funds simultaneously.
• D) banks keep 100 percent of their deposits on hand.

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Definitions:

Senior Citizens

Individuals of an older age, typically those who are retired from work and over the age of eligibility for certain age-related benefits and discounts.

Political Power

The capacity or ability of a person or group to influence or control the actions and decisions of others within a political system.

Income Security Programs

Government initiatives designed to ensure individuals have a basic level of income, thereby reducing poverty and aiding those unable to work.

Poverty Rates

The percentage of the population living below the poverty line, a measure that indicates the extent of economic hardship in a society.