Question

In a fractional reserve banking systemLOADING...​, what is the difference between a​ "bank run" and a​ "bank panic?" A. A bank run is a local​ issue; a bank panic is a national issue. B. A bank run involves one​ bank; a bank panic involves many banks. C. A bank run involves many​ banks; a bank panic involves one bank. D. A bank run is a U.S.​ issue; a bank panic is an international issue.

Answer 1

Answer: option b is correct

Explanation:

Bank run happen when a large group of customers withdraw all their money from a banking institution within a short period.

Bank panic happen when a group of customers withdraw all their money from multiple banking institution within a short period.