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Chapter 179 - Two sides of the same coin
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“Sangho Bank experiences bank run due to uncertainty.”
“Financial corporations experience instability and uncertainty.”
Many of the secondary financial corporations suffered from customers’ bank run. Their provision of payment rate dropped below 3%. If it went down to 0, it meant that the institution was unable to return the customers’ deposits.
The government had to do something. They couldn’t let all these organizations go bankrupt. The gov ...
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