What is the term for a situation where many people withdraw money from a bank due to fear of closure?

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Multiple Choice

What is the term for a situation where many people withdraw money from a bank due to fear of closure?

Explanation:
A bank run describes a situation where many people withdraw money from a bank because they fear the bank will close or become insolvent. Banks rely on deposits to fund loans, but they don’t keep all deposits in cash on hand. When a large number of people pull out their funds at once, the bank can run out of liquid cash, potentially forcing it to close and validating the fear that started the rush. The other terms don’t fit this scenario: assimilation is about cultural blending, the Battle of Midway was a World War II naval battle, and Axis Powers refers to the WWII alliance of Germany, Italy, and Japan.

A bank run describes a situation where many people withdraw money from a bank because they fear the bank will close or become insolvent. Banks rely on deposits to fund loans, but they don’t keep all deposits in cash on hand. When a large number of people pull out their funds at once, the bank can run out of liquid cash, potentially forcing it to close and validating the fear that started the rush. The other terms don’t fit this scenario: assimilation is about cultural blending, the Battle of Midway was a World War II naval battle, and Axis Powers refers to the WWII alliance of Germany, Italy, and Japan.

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