Social Sciences, asked by nnagamani2488, 2 months ago

what will happen to banking system, if every one decides to withdraw money from bank at once

Answers

Answered by lesasunny

Answer:

If everyone withdrew their money from banks, there would be some serious fallout. In addition to not having enough cash to cover the deposits, banks would be forced to call in all outstanding loans. That means anyone with a mortgage, business loan, personal loan, student loan, etc.

Explanation:

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