answersLogoWhite

0

How did banks runs affect the economy?

Updated: 10/27/2022
User Avatar

Wiki User

10y ago

Best Answer

your mom is a Bad Girl

User Avatar

Flavio Balistreri

Lvl 10
2y ago
This answer is:
User Avatar
More answers
User Avatar

Elian Collins

Lvl 10
2y ago

Bank runs affected the economy in several significant ways. When more money is issued and banks experience a sudden influx in cash, the economy is hurt because currency is inflated.

This answer is:
User Avatar

User Avatar

Wiki User

10y ago

Bank runs affected the economy in several significant ways. When more money is issued and banks experience a sudden influx in cash, the economy is hurt because currency is inflated.

This answer is:
User Avatar

User Avatar

Wiki User

10y ago

your mom is a Bad Girl

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How did banks runs affect the economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does the economy affect banks?

Commercial banks - NO. National banks - YES.


Pet banks and their affect on economy?

it made our economy way better than it ever was yayy money money money!


What are the Importants of banks in the economy?

the importants of banks is that if banks dont lend to business and other banks to whole economy starts collapse


How does the marketing affect the economy?

how does affect the all economy


How do bio-fuels affect the economy?

it does not affect the economy


How banks help expand and maintain the economy?

Banks help expand and maintain the economy by providing loans and credit to businesses.


What happens if banks reduce lending?

It hurts the economy and makes banks lend less which would hurt the economy even more and so on...


Why does government regulate banks?

Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.


Why do government regulate from banks?

Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.


The role of banks in the Nigerian's economy?

the role of commercial banking in the development of nigerian economy


How interest rate affect the sa economy?

how interest rates affect the sa economy


How did the canals and new roads affect the economy?

The roads and the canals affect the economy because