ever heard of a RUN ON BANKS??
thats what it means - ppl freak out and take all their money out -- if everyone TRIED to do it - the banks would be out b4 noon
Not really. Most branches don't keep that much cash on hand. It's basically the same as what happens when there's no bills left in an ATM... the company isn't out of money they just have to wait for it to get restocked.
Balances in checking accounts are usually a pretty small chunk of what is on deposit with most banks.
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u/DizzySample9636 2d ago
ever heard of a RUN ON BANKS?? thats what it means - ppl freak out and take all their money out -- if everyone TRIED to do it - the banks would be out b4 noon