Explain How Shadow Banks, Which Don't Take Deposits, Can Have

question 189

Essay

Explain how shadow banks, which don't take deposits, can have bank runs.

---

Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Telephone Expense

Costs incurred by a business for the use of telephone services.

Fees Earned

Revenue generated from services provided by a company or an individual.

Statement Of Owner's Equity

A financial document that shows the changes in the equity section of the balance sheet over a reporting period, including contributions, withdrawals, and earnings.