Depositors racing to a bank to withdraw their money is called a:
ABank rim
BBank run
CBank rug
DBank rig
Answer & Solution
Correct answer: B. Bank run
1. Fear that a bank may fail can become self-fulfilling.
2. Everyone tries to take their money out at the same time.
3. Depositors racing to the bank to withdraw their deposits is a bank run.
4. So the answer is a bank run.
_Source: OpenStax Principles of Macroeconomics 3e (CC BY 4.0), Ch 15 'Monetary Policy and Bank Regulation', sections 15.1-15.5_
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