A Contagious Run, or Bank Panic, Differs from a Run

question 101

True/False

A contagious run, or bank panic, differs from a run on a bank in that a contagious run involves loss of faith in the entire banking system as opposed to just one bank.

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Definitions:

Hedging

The use of cautious language to make statements less absolute, often to reduce risk or liability.

Wordy Phrases

Phrases or expressions that use more words than necessary to convey meaning, often making the text less clear and more cumbersome.

Relative Pronouns

Words that introduce relative clauses, connecting them to main clauses, and refer to nouns mentioned previously, like who, whose, which, and that.

Redundancies

The occurrence of unnecessary repetition in expression or function, often leading to inefficiency or excess.