Refer to the Article Summary. In 2015, the European Union initiated the BRRD program, where the burden of bailing out troubled banks is being placed on bank creditors, shareholders, and possibly depositors
If this program were to confiscate funds from bank deposits to assist troubled banks, the possibility of a bank run, a situation in which ________, would likely increase.
A) a majority of the shareholders in a bank decide to sell off all their shares of stock.
B) many depositors simultaneously decide to withdraw money from a bank.
C) a bank stops paying interest on all of its interest-bearing accounts.
D) a majority of the bank's loans go into default all at once.
B
You might also like to view...
If a person can make $70,000 as an accountant, $60,000 as a chef, $20,000 as a mechanic, and nothing as an opera singer, he or she has a comparative advantage in
A) accounting. B) being a chef. C) being a mechanic. D) opera singing.
A modern economy is one where: a. there is no medium of exchange
b. a single seller controls the production of all goods and services. c. every individual interacts with thousands of other individuals to receive the goods they need to survive. d. international trade does not take place.