Social Sciences, asked by nnagamani2488, 1 month 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:

Previous Question

Next Question

Similar questions

Chemistry, 18 days ago

6. Surabhi deposited *7500 in a finance company which pays interest 15% per annum. Find the amount 3 Surabhi is expected to get after 5 years. 4...

Social Sciences, 18 days ago

lol लोकतंत किस प्रकार के चुनाव पर आधारित होना चाहिए ...

Math, 18 days ago

Statement Sums 3 - Total Town 1. Ramu bought 1 kg, tomatoes, 2 kg. potatoes and 250 gram chillies from the market. So what is the total weight of these vegetables?

Computer Science, 1 month ago

what is the cause of emerging technology happened...