Gorton claims that all financial crises involve bank runs. An example of this is

Q: Gorton claims that all financial crises involve bank runs. An example of this is

True Bank runs are a result of panic among the general public, rather than a true insolvency on the part of the bank; however, the bank does risk default as more and more individuals withdraw funds. What begins as panic can turn into a default situation for the bank and the economy as a whole.

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Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell from over $390 billion in September of 2008 to less than $280 billion by December of 2008. True false Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell from over $390 billion in September of 2008 to less than $280 billion by December of 2008. True false

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True

Bank runs are a result of panic among the general public, rather than a true insolvency on the part of the bank; however, the bank does risk default as more and more individuals withdraw funds. What begins as panic can turn into a default situation for the bank and the economy as a whole.

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Gorton claims that all financial crises involve bank runs. An example of this is

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Gorton claims that all financial crises involve bank runs. An example of this is

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