The Process by Which Simultaneous Withdrawals by a Particular Bank's

question 59

Multiple Choice

The process by which simultaneous withdrawals by a particular bank's depositors results in the bank closing is known as a

• A) contagion.
• B) bank run.
• C) financial crisis.
• D) bank panic.

---

Definitions:

Warm Currents

Movements of warmer water within oceans and seas, which can influence climate and weather patterns in coastal regions.

Canary Current

A cold ocean current flowing southward along the western coast of North Africa, part of the North Atlantic subtropical gyre.

Atmospheric Water

Water contained in the Earth's atmosphere in the form of vapor, clouds, and precipitation, crucial for the global water cycle.

Desert

A dry region with a mean annual precipitation of 25 cm or less; commonly applied to areas with sparse vegetation or the presence of desert-type plants and landscapes.