What is a Bank Run?

A bank run is an event in which large numbers of people withdraw their money from a bank or financial institution because they believe the institution is in danger of becoming insolvent.
Bank runs typically occur when a large number of customers have lost confidence in the bank's ability to honor its obligations and are afraid that the bank may not be able to repay them and their deposits.
Bank runs can have devastating consequences for the financial system and the economy.
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